Customers’ overdue receivables to TGC-1 for heat increased by more than RUB 1 billion within a year

PJSC analysed payments collectability for the past 2016 for supplied heat. Customers’ overdue receivables for heat increased by RUB 1.1 billion and, according to the recent reports, comprised RUB 7.5 billion as of January 1, 2017.

The major part of the receivables – RUB 6.1 billion – accounts for St. Petersburg with RUB 5.5 billion being owed by communal service providers. The sum of money amounting RUB 3.7 billion was formed by the managing companies more than a half of whose authorised capital belongs to the city administration.

The Republic of Karelia owes PJSC TGC-1 RUB 404.7 million, the Murmansk Region – RUB 884.6 million.

“According to the results of the analysis, both Petrozavodsk and Northern Subarctic regions where customers pay for heat supplied directly to TGC-1 witness a significant increase in payments collectability,” states Sergey Lapin, Head of Heat Sales Department, TGC-1. “The situation has also ameliorated in the houses of St. Petersburg that now use a system of direct payments. So far this system has been implemented in more than 200 houses of the Northern capital. Positive dynamics is also seen in houses under state housing agencies’ supervision. However, other customer groups of St. Petersburg show growing overdue receivables.”

More detailed information and a monthly Rating of communal service providers are available on PJSC TGC-1 website and at VKontakte webpage TGC-1 to City Residents.

Reference

PJSC TGC-1 is the largest heat supplier in St. Petersburg. Ten HPPs located on the territory of St. Petersburg and the Leningrad Region provide city residents and businesses with heat. The Company's share on St. Petersburg heat market comprises more than 50%.

In order to reduce the receivables PJSC TGC-1 regularly conducts claim-related work, concludes debt restructuring agreements and assignment agreements on household debt for communal public services. Moreover, the Company is now switching to direct payments for heat and hot water.