ENGIE POWER LIMITED
Company number: 04236804
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
25 January 2021
Approved by:
Andrew Pollins
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
ENGIE Power offer 30 day payment terms. For our energy suppliers (internal group companies to ENGIE) payment is always made on the same day - gas on the 14th and electricity purchases on the 20th of the month or nearest working day.
There are ad hoc invoices which have immediate payment terms.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoice payments relating to overheads will always have a PO raised and approved which must match the invoice submitted. Any issues are raised with either the supplier for incorrect invoicing or internally should the PO need amending. The invoice will remain active to ensure timely payment of any other invoices.
Alternatively, where the charges relate to energy and include meters not on ENGIE supply, the full invoice would still be 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