EDF ENERGY NUCLEAR GENERATION LIMITED

Company number: 03076445

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 31 July 2020

and approved by David Tomblin

Payment statistics

Average time taken to pay invoices: 57 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 86%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are 60 days from receipt of invoice. 60 days is also the maximum contractual payment period. By negotiation or other exception some suppliers are paid on terms less than 60 days. EDF Energy operates a process of paying twice each week with some invoices paid slightly early and some slightly late. For example a payment made on Thursday will have invoices for Wednesday, Thursday, Friday and Saturday included with Wednesday being “late” but Friday and Saturday “early”. Over the supplier base and over time this averages out to zero days late for cases where there is no problem with the invoice. Across the UK business as a whole, we have between 5 – 10% late payment on this basis. There have been no changes to the standard payment terms during this reporting period.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

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

N/A

Dispute resolution process

Suppliers must contact the individual named on the purchase order. After that, a resolution is achieved based on the relevant provisions set out in the contract.

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 Prompt 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.

Yes

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.

Yes

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