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Rosseti Volga

January 15, 2018

Debts of Chuvashia retail energy company exceed rub 1 billion

As of 09.01.2018, the total uncontested overdue debt amount in Chuvashia for electrical energy transfer services before PJSC IDGC of Volga (member of Rosseti Group) reached RUB 1.18 billion. The main debtor as before is the guaranteeing supplier, Chuvashia Retail Energy Company, JSC. Its overdue debts as of that date exceed RUB 1.14 billion.

All the letters sent by IDGC of Volga to the energy sales company are ignored, while the debt is increasing and accumulating. Chuvashenergo Branch of PJSC IDGC of Volga is carrying out a number of events aimed at lowering the overdue payment amounts. The staff of the company is working actively on filing complaints and claims.

As a result, defaulters pay not only what they owe but significant penalty fees as well. Meanwhile, legal proceedings usually take a long time, while PJSC IDGC of Volga must regularly finance maintenance expenses for its electrical grid facilities. Also affected are other electrical grid organizations in Chuvashia, who get paid for power transmission services from consumers via PJSC IDGC of Volga.

The current situation raises a number of issues that exceed the framework of interaction between two counteragents. If CHESK JSC does not seem to be able to collect the payments for providing the services from its subscribers, can such a company perform the functions of the guaranteeing supplier? If CHESK JSC collects all the payment on time, why then are debts of CHESK JSC are being accumulated, and what are the monies collected from consumers being spent on? Why does the electric grid company have to remain one-on-one with this problem? The government of the Republic and law enforcement agencies will need to get involved, since large debts adversely affect reliable provision of energy and impair energy security of the entire Chuvash Republic.




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