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IDGC of Centre in the first half of the year achieved a reduction of more than 2.5 billion rubles of accounts receivable for electricity transmission services

8 August 2017

IDGC of Centre summed up the work to reduce the accounts receivable for services for electricity transmission for the first half of 2017. In this period, the company managed to achieve a reduction in the total amount of debt by 2.6 billion rubles. The amount of debt of electricity suppliers of last resort was reduced by 2.3 billion rubles, and energy retail companies by 76 million rubles. The debt of territorial grid organizations decreased by 94 million rubles, and receivables from consumers with "direct" contracts by 101 million rubles.

As of 1 July 2017, the total amount of accounts receivable from counterparties to IDGC of Centre for electricity transmission services was 19.7 billion rubles, including 14.3 billion rubles - overdue debts, including 12.1 billion rubles - overdue debts of suppliers of last resort. As of 1 July 2017, the largest accounts receivable were formed by the suppliers of last resort PJSC GC "TNS Energo" (2.7 billion rubles, of which 1.4 billion rubles were overdue), JSC "AtomEnergoSbyt" (2.4 billion rubles, with 0.9 billion rubles overdue), OJSC "LESK" (1.8 billion rubles, overdue 1.6 billion rubles).

IDGC of the Centre implements a set of measures to repay debts, in cooperation with the regions’ management, using the potential of commissions for monitoring settlements with electricity companies set up at the initiative of PJSC "Rosseti" and in the framework of the ongoing claims and lawsuits. In January-June 2017, the company managed to recover from debtors in 147 court cases 2 billion rubles. As of 1 July, there were 436 cases in the courts totalling 12.3 billion rubles. Of these, 367 cases for the total amount of claims of 11.9 billion rubles were related to the suppliers of last resort.

IDGC of Centre intends to continue to work consistently to recover accounts receivable, using for this purpose all the opportunities provided by the current legislation. At the same time, the company remains open for a constructive dialogue with regard to working out effective mechanisms for its repayment, taking into account the current macroeconomic situation and, in some cases, the actual financial capabilities of its counterparties.

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