Sat, Feb 11 2012

Heating utilities seek new ways to cut off debtors

Thu, Feb 05 2009 04:40 CET

byDnevnik.bg

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Heating utilities should be able to switch off servicing buildings with many debtors, the association of heating utility companies proposed.

The firms’ debts to state-run gas company Bulgargaz rang in at 379 million leva at end-January, with Toplofikatsiya Sofia generating the bulk of the losses - 327 million leva of the total.

Ramadan Atalai, chairperson of Parliament's energy committee, proposed last year that utilities should be able to cut supply to buildings where two-thirds of the households have not paid their heating bills for over two months. After the proposal came to nothing, the Economy Ministry advised utilities to hire debt collection companies or sell debts to banks.

Legislative amendments are vital for debt collection, said Toplofikatsiya Sofia executive director Petko Milevski.

The company purchased 20 million leva worth of black oil in January, when a pricing row between Russia and Ukraine cut gas supplies to a trickle.

The current liabilities of the Sofia utility balooned to 212 million leva at end-January, Milevski said.

Source: Dnevnik

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