the Previous procedure for levying fines, may be introduced from June 1.
As found “Kommersant”, the energy sector managed to reduce the grace period of payment housing and utilities services (HCS) for the population and management companies. So, instead of the end of 2020 the moratorium on the accrual of penalties for non-payment services can cancel from the 1st of June — date to be determined by the date of completion of quarantine. Energy felt that the new benefits to pay utility has sharply increased defaults in the sector, the most critical scenario — up to 1 trillion rubles, thereby throwing the sector “back in the 1990s”.
Grace period during which the population and management companies are exempt from fines for late payment of utility services will be seriously reduced, said the source “b” familiar with the government’s decision. According to “Kommersant”, it is most likely that he will end the 1st of June, exact date to be determined by the timing of the lifting of the quarantine.
2 April, the government released the resolution No. 424, which allows the population, management companies and homeowners ‘ associations to avoid paying penalties for late payments for utility services and contributions for capital repairs until the end of 2020. The document also prohibits the disconnection of consumers for debt.
the resolution came as a surprise to the energy companies, who, fearing the growth of defaults in the sector immediately after its publication, appealed to the government to limit the validity of the document. The issue was planned to bring to the meeting with the President of the Russian Federation, which was originally scheduled for April 14, but was postponed to 29-E.
Press-Secretary President Dmitry Peskov on request “b” did not answer, the phone Deputy Prime Minister Michael mishustina, the energy Ministry and the Ministry declined to comment.
energy companies warned that such concessions on payment of utility services “will set the industry in 1990-e years”. The expectations of the Council of power producers (POC), payment for heat and electricity in the second quarter will be reduced to 20% of the charges as a whole for 2020 revenues could decline up to 50%. The minimum amount of additional receivables according to the expectations of EIT countries could exceed 1 trillion rubles.
As reported in an interview to “Kommersant” Deputy energy Minister Yevgeny Grabchak, electricity demand in the second quarter may be reduced to 8% in the optimistic scenario, and in General for the year may fall by 3.6%. In this scenario, the annual gross revenue of the whole sector can be reduced by 5%, wages will fall by about 15%.
the Association of guaranteeing suppliers (the main power supply region) and energy supply companies, “Kommersant” reported that they welcome the changes if they are adopted. It noted that as of April 21, cont��of the payment compared to the same period last year was 13%. Including 10% down payment level of the population, 36% — from the management companies. A conclusion about the level of payment by the end of the month to do is impossible due that there is a reduction in power consumption while the effect of the temperature factor (mixed regions), said the Association.
In the PPA believe that the initiative to reduce the grace period to pay fines will have a positive impact on the industry because the exemption from liability for failure to fulfill obligations on payment of energy resources undermines the result of the work on strengthening of payment discipline in the housing sector.
No decline in demand or prices drop on the market for days forward (the main sector of energy trade) would so undermine the financial stability of the sector, as the debt crisis, says Vladimir Sklyar from “VTB Capital”. According to him, the synchronization of the regulations with the term of quarantine measures “almost completely eliminates the problem in the Bud.” So, according to analysts, the maximum amount of accumulated arrears in this case will not exceed 150-200 billion rubles in 2020, that “it is comfortable and can be covered by available financial resources of power”.
Tatiana Woodpecker
