Главная Учебники - Разные НАК „НАФТОГАЗ УКРАЇНИ“. Річний звіт англійською (2017 рік)
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OUR MARKET AND REFORMS ANNUAL REPORT 2017 53 52 Main disadvantages of the existing PSO 1. The sale of gas at below market prices and the absence of cost-recovery mechanisms Prices set by the government are lower than market prices, so independent suppliers have no commercial interest for the segment. The existing PSO includes no effective mechanisms for enforcement of financial settlements between market players. Current procedures do not allow Naftogaz to restrict gas supply to gas retail companies in response to non-payment. As a result, regional gas retail companies have accumulated more than UAH 34 billion in debts in the approximately 2.5 years of their existence. In addition, the government has not established compensation mechanisms and funding sources. According to Naftogaz group΄s assessment, the compensation accrued to the group for the fulfillment of the duties in the period from 1 October 2015 to 31 December 2017, is more than UAH 111 billion, and the company is forced to defend its legitimate interests in court in order to receive compensation. The court ordered the government to determine the sources of funding, and the procedure for compensation for PSO. However, the decision is still to be implemented. 2. The sale of gas through intermediaries significantly complicates monitoring the use of gas as intended and ensuring payments The lack of effective mechanisms, which enable monitoring the use of gas as intended, creates a basis for abuse. Not only vulnerable consumers benefit from PSO, but also people with a sufficient income to pay for gas and heat from their own pocket, which leads to inefficient use of the state budget funds. To date, there is no effective mechanism for confirmation by regional gas retail companies of supply of certain volumes of gas to specific consumers under the special duties framework. There is no evidence that all the gas at a reduced price is supplied to households. Naftogaz is interested in identifying evidence of the actual volumes of gas supplies provided to households because it is the basis for calculating Naftogaz group΄s expenses for fulfilling its special duties. In the absence of compensation for the performance of special duties, these costs become Naftogaz group΄s losses. 2015–2017 PSO-RELATED LOSSES COMPENSATION STATUS 111 UAH bn 74.8 UAH bn 24.1 UAH bn 12.1 UAH bn incl. • UGV and Naftogaz are entitled to a compensation of losses related to PSO according to the law On Natural Gas Market • CMU failed to determine the compensation policy when imposing the PSO in 2015 and 2017 • Naftogaz was successful in court and court of appeal in proving CMU has to determine the policy and funding sources Compensation for losses related to PSO claimed by UGV and Naftogaz UGV Foregone Naftogaz Related Naftogaz Related bad Gas supply and retail to households in PSO Problem # 1. Lack of transparency and access to the consumer data base Naftogaz, as a natural gas supplier to households, is exposed to many risks: fluctuations in prices, volumes and exchange rates, as well as gas storage costs. Oblgazzbuts as intermediaries only bill end users. At the same time, they do not provide Naftogaz with data on actual volumes of gas usage. The consumers do not pay directly to Naftogaz, but to the accounts of oblgazzbuts. As of 1 June 2017, Naftogaz has lost access to data on actual gas payments by customers. Problem # 2. Collecting debts Naftogaz has no data on debtors and so cannot collect debts from them. This is a function of the regional retail companies and subject to inefficiency. Since oblgazzbuts do not bear the financial costs of servicing the gas debt to Naftogaz, they have no effective incentive to work efficiently with debtors, which leads to the accumulation of gas debts. Problem # 3. Consumption data manipulation An internal audit of Kirovohradgaz, after the restoration of operational control and change of management in June 2017, revealed more than 9.8 mcm of gas allocated to non-existing consumers or so-called "dead souls". Kirovohradgaz reported to law enforcement authorities about the detected facts, but similar cases may exist in other gas distribution system operators (“oblgazes”) and oblgazzbuts, which causes losses to Naftogaz. OBLGAZZBUTS NAFTOGAZ PRICE RISK CURRENCY RISK VOLUME RISK Taxes and dividends HOUSEHOLDS Consumed Consumed, Consumed Not consumed, Not consumed, PROBLEM
1 Naftogaz doesn't PROBLEM 2 Inefficient debt PROBLEM
3 Gas sold to ineligible PROBLEM 4 Risk of Naftogaz not PROBLEM 5 Gas sold to ineligible PAYABLE BY SUBSIDIES PAYABLE BY CASH |