42% of Ireland's electricity came from renewables in 2023, and EirGrid's profit before tax fell to €71.2m.
42% of Ireland's electricity came from renewable sources in 2023, according to EirGrid's annual report. Despite a 32% revenue increase, EirGrid Group's profit before tax fell to €71.2m due to regulatory timing differences and higher operating costs. The company is set to pay a dividend of €4m to the Government, unchanged from the previous year. EirGrid reported a new maximum peak demand of 5,544MW and increased its System Non-Synchronous Penetration (SNSP) limit to 75%.
May 30, 2024
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