ENGIE POWER LIMITED
Company number: 04236804
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Robert Wells
Payment statistics
Average time taken to pay invoices: 15 days
Total value paid:
- within 30 days: £1,339,725,809 (100%)
- in 31 to 60 days: £4,224,061 (< 1%)
- in 61 days or more: £1,790,768 (< 1%)
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,614,331
- payments due in the reporting period which have not been paid within the agreed period: 1%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
ENGIE Power Ltd offer 30 day payment terms. For our energy suppliers (internal group companies to ENGIE) payment is always made on the same day - electricity on the 14th and gas on the 20th of the month or nearest working day.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices for overhead costs require a purchase order to be raised and approved which must match the invoice submitted. If there are any issues then these are raised with either the supplier or internally if the purchase order needs amending. Where charges relate to gross margin invoices and include meters not on ENGIE's supply, the full invoice is paid with a credit note being requested to offset against future balances.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No