NNEGC Energoatom wants to shuffle off its obligations regarding PSO on to taxpayers (state budget)

October 06, 2023

As of September 21, 2023, the Company has paid UAH 9.1 billion to the State Enterprise "Guaranteed Buyer", which is 100% of the advance payment of the estimated cost of the services of the supplier with public service obligations (PSO) for September 2023, according to the Energoatom report.

In addition, NNEGC repaid part of the debt accumulated in previous periods, having paid almost 2.1 billion hryvnias. However, this is a relatively small share of the huge debts that ruin Ukraine’s entire energy industry.

In the opinion of the Energoatom management, full repayment of the debts of the previous periods for the Company's PSO services in the amount of UAH 20.5 billion, accrued in 2022, is possible only at the expense of the state budget.

Then a logical question arises. Isn't it better, instead of sending money from the State Budget to the Company, to give it directly to the poor?

After all, practical experience shows that budget funds in state-owned companies tend to evaporate without a trace. In general, there is an impression that the PSO of both Energoatom and Naftogaz were invented only to explain to consumers the non-transparency of their operation.


Volodymyr Omelchenko

Director, Energy Programmes

Born in 1967 in Kyiv

Education: Kyiv Politechnic Institute, Department of Chemical Engineering (1992)

Author of over 50 scientific works and op-ed publications. Took part in development and implementation of international energy projects and scientific research in international energy policy


1992 – 1996 — worked in different positions in the mechanical engineering industry

1997 – 1998 — Head Expert of the Division of Oil, Gas and Petroleum Refining Industry of the Ministry of Economy of Ukraine

1998 – 2003 — Naftohaz Ukrayiny National Joint-Stock Company, in Charge of Oil Transportation Section

2004 – 2007 — Chief Consultant at the National Institute of International Security Problems of Ukraine’s NSDC

since February, 2007 — Leading Expert, Razumkov Centre. Director of Energy Programmes since 2013

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