The effects of the solution pH and polyvinylpyrrolidone on the dynamics and efficiency of the formation of singlet oxygen 1O2 in buffer media (pH 6.3–8.5) photosensitized by chlorin e 6 are studied. It is demonstrated that the quantum yield of the 1O2 formation photosensitized by chlorin e 6 decreases with decreasing solution pH due to the aggregation of photosensitizer molecules. Polyvinylpyrrolidone facilitates the disaggregation of chlorin e 6, thus increasing its photosensitizing ability. For a complex of chlorin e 6 with this polymer, the luminescence kinetics of singlet oxygen is inverted, which should be taken into account in the determination of the lifetime of 1O2 in real biological systems.