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The Ministry of Energy asks for a penalty on utility services

The Ministry of Energy asks for a penalty on utility services
After the introduction of a moratorium on charging interest and late fees for utility bills, power plants began to lose revenue. According to the Ministry of Energy, if the moratorium is maintained until the end of the year, power plants will lose up to 600-700 billion rubles in revenue.

The moratorium is valid until January 1, 2021. As they write «Vedomostiи», Deputy Energy Minister Yuri Manevich said that it is necessary to reduce the term of this restriction until May 31. And for those who find themselves in a difficult life situation, maintain the moratorium until July 31, 2020.

At the same time, the head of the Ministry of Energy considers it possible to introduce a ban on penalties for entrepreneurs until July 31, 2020. Then, business representatives will be able to choose how to pay the debt: arrange an installment plan for three months or pay the debt at a time. The installment percentage will be equal to the Central Bank key rate plus 2%.

The lifting of the moratorium is included in the priority activities of the plan to support electric power enterprises. Because of it, they say in the Ministry of Energy, the collection of payments for electricity has decreased. In April, the decrease was 7% for electricity, for heat - 12%. The total debt increased by 11 billion and 16 billion rubles, respectively.

If the moratorium is maintained, lost income will affect the functioning of the sectors of the fuel and energy complex along the entire life cycle, especially in conditions of reduced availability of credit resources and a general decrease in economic activity.

In addition to the item on interest charges, there are other proposals in the plan for supporting energy. For example, suspension of penalties for undersupply of power to the wholesale market for generations, extension of the time for consideration and approval of investment programs of electric power industry entities, direct subsidizing of interest rates on loans of heat and power engineering entities in the amount of the Central Bank key rate.

The amount of subsidies, according to the Ministry of Energy, may amount to about 13,5 billion rubles by the end of 2020, 12-24 billion rubles in 2021 and about three to five billion rubles in 2022. The final amount of subsidies will depend on the duration of the moratorium on the accrual of penalties for non-payment of utility bills.
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