“Financial genocide of power generating companies” threatens Ukraine with electricity brownouts as early as this month and blackouts next year

“Financial genocide of power generating companies” threatens Ukraine with electricity brownouts as early as this month and blackouts next year, Timchenko said at a press conference. In the last 18 months, power companies have suffered almost $2 billion in financial losses due to unpaid renewable energy bills, a market liberalization law that created “profiteering” and musical chairs at the Energy Ministry. Five ministers in 18 months have meant constantly changing policies and a “lack of professionalism,” he said. “Strategy is changed by every single minister, by every decision of the Rada, by every decision of the regulator. It results in chaos.”