Due to energy efficiency measures being implemented within the framework of the Energy Efficiency Fund in apartment buildings, the state will significantly save the amount of funds allocated to payment of subsidies. We approved the Methodology for calculating the amount of subsidies saved as a result of energy efficiency measures under the Energy Efficiency Fund’s programs. It will also allow to turn subsidies into investments. The Vice Prime Minister/ Minister for Regional Development, Construction, Housing and Communal Services of Ukraine Hennadii Zubko emphasized, commenting on the adoption of the relevant resolution.

According to him, one of the Energy Efficiency Fund’s objective will be a partial refund of subsidies to finance energy efficiency measures. When monetization of subsidies begins, part of the saved subsidies will be returned to the Energy Efficiency Fund due to apartment building where thermodernization was carried out.

"Every year, state funding for subsidies is increasing. Only in 2018, a sum worth UAH 71 billion was allocated, and the number of recipients of subsidies reached 65%. Monetization of subsidies unlocks energy efficiency issues because the recipients of subsidies were not interested in implementing energy-efficient measures before. Now, we will have a situation where the balance of monetized subsidies, which has been created through energy saving and thermomodernization (which in turn will gives 50-70% energy savings) can be used to pay for further energy saving measures," Hennadii Zubko stressed.

The Vice Prime Minister placed a special emphasis on the fact that every head of the condominium association must understand that the recipients of subsidies pay for housing and communal services both at their own and state funds. "Therefore, any complex of measures for thermomodernization and energy efficiency that provides savings can also be publicly-funded, and not only through the assistance of the Energy Efficiency Fund or warm loans. But also at the expense of saved subsidy ", he emphasized.

It should be noted in 2019, the state allocated UAH 1.5 billion to financing of the Energy Efficiency Fund. The European Union also disbursed a tranche of € 54 million to support the Energy Efficiency Fund. This funding is added to the first tranche of
€ 50 million, which in June Ukraine already received from the EU to ensure the operation of the Fund.