TGC-1 presented a program to reduce accounts receivable for the supplied heat
Press conference, Implementing the program for reducing receivables for the supplied heat: solutions, experience of the regions, took place on April 5, 2016 in St. Petersburg.
Edward Lisitskiy, Deputy General Director for Development, Sergey Lapin, Head of Heat Sales Department, and Elena Mikhailova, Head of Legal Department, told the journalists about the methods of reducing accounts receivable and raising the level of funds collectability for the released heat, and the current status of settlements with managing companies in St. Petersburg.
The total debt to TGC-1 for the supplied utilities amounts to RUB 7 billion. 90% of overdue debt, or RUB 6.295 billion, accounts for the utility providers. Half of this debt, RUB 4.457 billion, accounts for management companies with more than half of the authorised capital belonging to the City Administration.
“Debts of utility providers is one of the current key challenges in the power industry. Payment discipline of consumers directly affects reliability of electricity and heat supply, and its violation adversely affects operations during the heating season,” Edward Lisitskiy noted.
TGC-1 is implementing a comprehensive program aimed at raising the level of collectability of funds for the supplied heat. The company regularly performs claim-related work in respect of non-payers, signs debt restructuring agreements and cession contracts.
“Critical growth of debt compels to go to extremes and restrict heat supply to persistent non-payers. In April 2016, restrictions may be applied to the premises of district administrations, legislative and judicial bodies, and industrial enterprises,” Sergei Lapin said. “Our experience in the regions proves that the most efficient way to reduce debt growth and increase collectability is to turn to direct payments from the population. Thus, in 84 houses of St. Petersburg, where we send individual bills, the collectability rate exceeds 95%. In addition, in the districts with the direct settlements, we work with the debts of residents, which are not performed by managing companies.”
In the Clients section of TGC-1 website you can learn more about the procedure for limiting heat supply, a full list of companies scheduled for restriction, and also get answers to the frequently asked questions concerning the transition to direct payments in settlements for heat and hot water, as well as ratings of faithful consumers and persistent non-payers – http://www.tgc1.ru/clients/spb/.
Reference
TGC-1 is the leading producer and supplier of electricity and heat in the Northwest of Russia. The Company comprises the electric power plants within four entities of the Russian Federation: St. Petersburg, the Republic of Karelia, the Leningrad Region and the Murmansk Region.