Again, the supplier pays the money
For what? The National Commission for State Regulation of Energy and Utilities has made a decision that should have affected the crisis situation with defaulting suppliers, which has created a financial hole in the budget of Ukrenergo, so now we have new obligations , namely: now suppliers that remain in the market, but still not in default, should be liable for competitors who did not survive in the market. Now they simply take money from the existing supplier, which will not be returned, because it is necessary to cover other people’s debts. For now, the bills have come for December 2019, the next ones are waiting for suppliers ahead. That is, you can simply declare yourself defaulted, and competitors will suffer one hundred percent from this, because they will cover your debts.
It is difficult to assess the appropriateness of this decision, because taking this money, many suppliers are left without profit, and can not support their own companies. The free electricity market is undergoing aggressive change, but it will be important to say that this is pushing the supplier to the most unrealistic new solutions.
VOLT SUPPLY LLC has a strong team of specialists who monitor every market fluctuation, due to which, they are always on watch for the protection of their customers. We think it’s a good idea to give feedback and keep everyone up to date with news from vendors.