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ESB price hike will leave families in the dark – Doherty

7 October, 2010 - by Pearse Doherty TD

Speaking in the Seanad Sinn Féin Senator Pearse Doherty has said that the proposed ESB price hike which will come into affect this month will leave thousands of families literally in the dark as they struggle to find the money to pay their electricity bills.

Senator Doherty said that introducing this levy which will push ESB prices up by 5% is ludicrous especially considering that not only is the ESB is a highly profitable company but also the salaries of the top brass of company are beyond excessive.

Senator Doherty said:

“The decision by the government to introduce this new levy at a time of unprecedented hardship for households and businesses is simply ludicrous. This will punish already struggling families and will heap further pressure on small and medium businesses who have to deal with already crippling costs and a lack of credit.
“The levy which will push electricity prices up by 5% will be especially hurtful to families considering that not only is the ESB is a highly profitable company having recently reported profits of €500 million, but also that the CEO of the company earns a tidy €654,000 including bonuses per annum.

“900 homes a month are having their electricity cut off because of late payments. This levy can only serve to increase the amount of disconnections.

“Sinn Féin actively supported a campaign against the electricity levy and our activists have collected thousands of signatures from across the state objecting to it’s implementation.

“There is no need to push up electricity costs. It is wrong and will leave thousands of families literally in the dark. At a time when bank bailouts coupled with NAMA will be costing the taxpayers anything up €100 billion it is disgraceful that something as fundamental as electricity is being denied to people. This levy should not go ahead. It is wrong and the government need to take action immediately.” ENDS

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