ESB workers get 5.5% rise and 'compensation' payment

loremolis

Cienciano wrote: »

Eirgrid control the transmission system, not ESB

Eirgrid, even more overpaid than ESB. At least ESB actually do some work.
Eirgrid operate it, ESB own it and can use it for purposes other than electricity transmission, what's your point?

hmmm

Ah sure just load it onto our electricity bills. When I hear lefties going on about "elites" in this country, I know who the real elites are.

ytpe2r5bxkn0c1

Cienciano wrote: »

Eirgrid control the transmission system, not ESB

Eirgrid operate the Transmission system, they are not the owners, neither do they do the physical work on the system networks.

JRant

loremolis wrote: »

Isn't that convenient. The electricity consumer gets only 5% of the revenue generated by ESB Telecoms Limited from its free use of the transmission system for commercial fibre optic activities. ESB Telecoms Limited operates a monolpoly use of the system paid for by electricity consumers. ESB Telecoms Limited employees are actually ESB employees on secondment so they get the pay rise too.

A 5% return on investment is very healthy. Do you think optic fibre cables are free and install themselves?

Cienciano

JRant wrote: »

A 5% return on investment is very healthy. Do you think optic fibre cables are free and install themselves?

People seem to think the government built the network back in 1928 and it hasn't been touched since.

ted1

Slydice wrote: »

Nice!

Always thought the ESB looked really generous in their headlines. Ever see that headline where everyone in their Dublin office got a €1000 chair?

Must find out where the advertise their jobs.

That was board Gas not ESB

Bord Gais Energy may have spent up to €300,000 on luxury office chairs
http://jrnl.ie/213861

ted1

loremolis wrote: »

They're already the highest paid public sector employees in the country.

That's just not true. Also they would have higher qualified staff than many other public sector employees.

There losing staff to the private sects who pay better

ted1

loremolis wrote: »

Where are they classified as private sector?

An average salary of €72,000 cannot be equated to a norm in the economy.

There 7000 staff many are the highest qualified engineers in the county, many are the highest qualified electricians in the country. Many work shift or are on call do get allowances that 9-5 workers wouldn't get. So you really can't compare that figure to the norm for the economy.

ted1

loremolis wrote: »

Every cent of which came from our electricity bills. The fact that a dividend is paid seems to give the ESB a get out of jail card for the fact that we are being overcharged for electricity. It's a form of stealth tax.

That's not true either. ESB International are a consultancy company that makes millions in contracts outside Ireland, ESB also operate and own generating stations outside Ireland, ESB also invest in companies , e.g they invested 15M in Tesla many years ago which has increased in value greatly

loremolis

ted1 wrote: »

That's not true either. ESB International are a consultancy company that makes millions in contracts outside Ireland, ESB also operate and own generating stations outside Ireland, ESB also invest in companies , e.g they invested 15M in Tesla many years ago which has increased in value greatly

Wrong. ESB Intetnational Limited is owned by ESB but is an independent company operating outside the ESB group. The profits made by ESB International Likited are not included with ESB group accounts not do those profits form part of the dividend paid by ESB.

Superhorse

Workers looking for pay rises, the cheek of them.

Let them eat cheese.

ted1

loremolis wrote: »

Wrong. ESB Intetnational Limited is owned by ESB but is an independent company operating outside the ESB group. The profits made by ESB International Likited are not included with ESB group accounts not do those profits form part of the dividend paid by ESB.

Their staff are also getting the deal and make up the figures that are included in their annual report

Page 48.........

https://esb.ie/docs/default-source/investor-relations-documents/esb-annual-report-2015.pdf?sfvrsn=4

loremolis

JRant wrote: »

A 5% return on investment is very healthy. Do you think optic fibre cables are free and install themselves?

The cost of installing fiber on the overhead system is a lot cheaper than the cost of laying comparable lengths of ducting in the road. The fiber is paid for by electricity consumers under the guise of being for the control of the system and at a later date ESB Telecoms Limited uses eusea fiber fir commercial uses. It's a monopoly use of the system by ESB for its own gain.

ted1

loremolis wrote: »

The cost of installing fiber on the overhead system is a lot cheaper than the cost of laying comparable lengths of ducting in the road. The fiber is paid for by electricity consumers under the guise of being for the control of the system and at a later date ESB Telecoms Limited uses eusea fiber fir commercial uses. It's a monopoly use of the system by ESB for its own gain.

Siro is a joint company of ESB and Vodafone, which will generate profits.

Regardless if the fact that's they are running the cable cheaper along with the overhead lines the bottom one is that this is generating a profit from data as oppose to electrical

loremolis

Barrett Orange Pillowcase wrote: »

They are classed as Private Sector, in all employment legislation, public accounts, and any other manner you want. You called them Public so that makes them public, is that it?
Public sector is defined as providing government services or being publicly funded. ESB is neither.

That average salary covers all levels and they employ highly qualified engineers, technicians, accountants etc, who work on-call, shifts etc. It's not an excessive 'average' when these and CEO etc are considered. I earned in excess of that in my line of work before I retired many years ago. For the skill set that is included, it's reasonable. I know many in ESB earn below 35000.

Who finds the development and maintenance of the system?

loremolis

ted1 wrote: »

Siro is a joint company of ESB and Vodafone, which will generate profits.

Regardless if the fact that's they are running the cable cheaper along with the overhead lines the bottom one is that this is generating a profit from data as oppose to electrical

A profit for who? Not one euro of money made by Siro funds the electricity system or reduces our electricity bills.

maryishere

The price of oil (energy) has fallen a lot this last year or so. But electricity prices have not fallen. I bet when oil rises again the ESB may want to up their bills 20 or 30%

ted1

loremolis wrote: »

A profit for who? Not one euro of money made by Siro funds the electricity system or reduces our electricity bills.

You made a statement that bold statement
Which is just wrong, they money they paid back comes from other areas too

" Every cent of which came from our electricity bills. The fact that a dividend is paid seems to give the ESB a get out of jail card for the fact that we are being overcharged for electricity. It's a form of stealth tax."

ted1

maryishere wrote: »

The price of oil (energy) has fallen a lot this last year or so. But electricity prices have not fallen. I bet when oil rises again the ESB may want to up their bills 20 or 30%

Oil makes up1.1% of generation in Ireland. We are developing a renewable grid, that is costing the money.

loremolis

ted1 wrote: »

You made a statement that bold statement
Which is just wrong, they money they paid back comes from other areas too

" Every cent of which came from our electricity bills. The fact that a dividend is paid seems to give the ESB a get out of jail card for the fact that we are being overcharged for electricity. It's a form of stealth tax."

Fact: The installation of a commercial fiber network on the distribution system by Siro does not yield one cent for electricity consumers.

The money they paid back comes from what other areas? It certainly doesn't come from the JV with Vidafone.

maryishere

A simple measure of payroll costs shows the average annual ESB salary, excluding pension contributions, stood at €85,000 last year, compared with €41,000 at the Viridian Group.
Viridian previously operated Northern Ireland Electricity until it was sold to the ESB relatively recently.

http://www.independent.ie/irish-news/revealed-a-startling-array-of-perks-on-offer-for-esb-staff-26767643.html

Some interesting reading there:
A confidential document shows staff at the semi-state are entitled to a wide range of allowances on top of their basic pay, overtime, and pension contributions.
Individual allowances can be worth up to €6,000 a year, and workers can benefit from more than one type, the Irish Independent has learned.
Details of the extra cash on offer come after ESB union boss Brendan Ogle described its workers as "spoilt".
He also said they enjoyed frequent "gravy" to stop them going on strike.

ted1

loremolis wrote: »

Fact: The installation of a commercial fiber network on the distribution system by Siro does not yield one cent for electricity consumers.

The money they paid back comes from what other areas? It certainly doesn't come from the JV with Vidafone.

Why would it yield one cent for the electricity company ? It goes towards the dividend it pays out. You said the dividend was paid entirely by the electricity customer

ted1

maryishere wrote: »

A simple measure of payroll costs shows the average annual ESB salary, excluding pension contributions, stood at €85,000 last year, compared with €41,000 at the Viridian Group.
Viridian previously operated Northern Ireland Electricity until it was sold to the ESB relatively recently.

http://www.independent.ie/irish-news/revealed-a-startling-array-of-perks-on-offer-for-esb-staff-26767643.html

Some interesting reading there:
A confidential document shows staff at the semi-state are entitled to a wide range of allowances on top of their basic pay, overtime, and pension contributions.
Individual allowances can be worth up to €6,000 a year, and workers can benefit from more than one type, the Irish Independent has learned.
Details of the extra cash on offer come after ESB union boss Brendan Ogle described its workers as "spoilt".
He also said they enjoyed frequent "gravy" to stop them going on strike.

That's a very old article. Also the ESB figure has gone from 85 to 62 and the 2 companies are very different

James Bond Junior

My bi monthly bill is 80 odd euro. I can't remember when I last had a power cut. I don't care what they are paid, I get value for money.

loremolis

ted1 wrote: »

Why would it yield one cent for the electricity company ? It goes towards the dividend it pays out. You said the dividend was paid entirely by the electricity customer

It does not go towards the dividend thst ESB pays out, Siro is a separate company much like ESB Wind Developmemt Limited.

Siro should pay the consumer something because the consumer has funded the construction
Of the system that carries the fiber network. The consumer gets something, albeit s very small % m, from the fiber network on the transmission system.

Spanish Eyes

I pay 45 E per month standing order and am 85 or so in credit for years.

No strikes, no powercuts. Who gives a feck only the begrudgers.

maryishere

ted1 wrote: »

That's a very old article.

Not that old. But here is a more recent report anyway.


The average payroll cost for each of ESB’s 7,149 staff was €74,000, with another €7,600 each in pension contributions. Staff also accrued a travel, subsistence and outstanding holiday pay bill of €28.6 million, or €4,000 each. The total average payroll cost is therefore 86k in round figures, which is more than the prime ministers of many European countries earn.
http://www.irishtimes.com/business/energy-and-resources/esb-report-shines-a-light-on-its-pay-and-perks-1.2154602

Average ESB bill some years ago in Ireland was about €1200 per year. I do not think it has come down much since.
http://www.independent.ie/irish-news/annual-electricity-bill-to-hit-1200-as-prices-rise-59pc-26895726.html

syklops

ted1 wrote: »

That was board Gas not ESB

Bord Gais Energy may have spent up to €300,000 on luxury office chairs
http://jrnl.ie/213861

I spent some time in Bord Gais' offices a while back. They have a little old lady who goes desk to desk and will serve you tea or coffee. I don't begrudge the little old lady her job and I quite like that level of luxury, but even in Google or Facebook, highly profitable private sector organisations, Vice Predidents get their own coffee.

maryishere

A report in 2014 said " A new Eurostat report shows that Ireland has the fourth most expensive electricity in the EU and the price rose by 5.1pc in the second half of 2013 compared with just 2.8pc across Europe.
Meanwhile, nearly 1,000 Irish homes had their electricity cut off in March because of failure to pay the bills, the latest figures from the Energy Regulator show.
Consumers in Ireland pay €24.10 per 100 kilowatt hour (kWh) of electricity which is 20pc higher than the EU average of €20.10.
It is 34pc higher than our nearest neighbour Britain, the Eurostat report shows.
That makes us the fourth most expensive country in Europe for power behind Denmark, Germany and Cyprus"

http://www.independent.ie/irish-news/electricity-prices-fourth-highest-in-eu-after-5pc-rise-30294653.html

ted1

maryishere wrote: »

Not that old. But here is a more recent report anyway.


The average payroll cost for each of ESB’s 7,149 staff was €74,000, with another €7,600 each in pension contributions. Staff also accrued a travel, subsistence and outstanding holiday pay bill of €28.6 million, or €4,000 each. The total average payroll cost is therefore 86k in round figures, which is more than the prime ministers of many European countries earn.
http://www.irishtimes.com/business/energy-and-resources/esb-report-shines-a-light-on-its-pay-and-perks-1.2154602

Average ESB bill some years ago in Ireland was about €1200 per year. I do not think it has come down much since.
http://www.independent.ie/irish-news/annual-electricity-bill-to-hit-1200-as-prices-rise-59pc-26895726.html

Outstanding holiday pay? So staff have worked to much ? Travel and subsistence there expenses not wages. And compensate for costs incurred. And the average salary is 62 fir the standard work week

As for a prime minister comparison , you loafing the salary of a worker with all kinds of rubbish and then comparing to a base salary