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Is the working capital of hydropower legal?
Judging from the relevant laws and regulations, it is illegal to collect working capital for hydropower. According to the "Property Management Regulations", the service fees provided by energy supply units shall be charged directly to the end users. Within the property management area, water supply, power supply, gas supply, heating, communication, cable TV and other units shall charge relevant fees to the end users. The realty service enterprise shall not charge additional fees such as handling fees to the owners if it accepts the entrusted collection fees.
Definition of hydropower working capital:
The working capital of public utilities in residential areas is the money that the property collects from the owners in advance to pay the public utilities fees for the owners. Before the payment date is stipulated every month, the property pays the water and electricity fee for the owner first, and then collects it from the owner. However, because some houses in the community are properties invested by the owners, or because some owners go out and other reasons, they can't pay the fees in full and on time, which will lead to late fees for utilities.
To sum up, if the property does not collect working capital from the owner in advance, the property will often pay the public utility fee for the owner, and the economic pressure on the property will be great in the long run. Therefore, the property charges the owner for the advance of water and electricity liquidity, but this water and electricity liquidity belongs to the owner.
Legal basis:
Article 44 of the Regulations on Property Management
Within the property management area, water supply, power supply, gas supply, heating, communication, cable TV and other units shall charge relevant fees to the end users. Where a realty service enterprise accepts the entrustment to collect the fees mentioned in the preceding paragraph, it shall not collect additional fees such as handling fees from the owners.
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