2015 Financial Highlights

  • 2015 was a solid year for ESB with an improved performance on 2014.
  • EBITDA before exceptional items of €1.35 billion, a 4% increase on 2014.  61% of 2015 EBITDA was from regulated networks businesses (ESB Networks in the Republic Of Ireland and Northern Ireland Electricity Networks in Northern Ireland). 
  • At the core of the improved 2015 performance is the improved availability of ESB’s generation plant from 86% to 92%. 
  • Capital Investment of €873m in 2015.  €629m (72%) of capital expenditure was invested in regulated networks businesses.  €176m was invested in generation assets; including €93m on the construction of the 881 MW Carrington combined cycle gas turbine plant near Manchester. Commercial operation of Carrington is planned for 2016.
  • ESB had a strong liquidity position of €1.5 billion at the end of 2015.The special dividend commitment to the Irish Government was completed in January 2015.
  • ESB’s financial strength was maintained with stable credit ratings of at least BBB+ or equivalent from all three major rating agencies.
  • Generation and Wholesale Markets increased its all-island market share to 49% in 2015 from 43% in 2014 due the improved availability of its generation plant from 86% to 92%.Electric Ireland increased its all-island market share by ~1% to 38% in 2015 and had the highest customer satisfaction ratings (as measured by the Commission for Energy Regulation) among all electricity suppliers throughout 2015.

 ESB Five Year Financial Summary

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