TOTALENERGIES GAS & POWER LIMITED
Company number: 02172239
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
31 January 2023
Approved by:
Anne-Cecile Roccon
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
35 days
Standard payment terms
The standard payment terms for the marketing division of TotalEnergies Gas and Power Limited varies across the portfolio of energy and power products, with terms ranging from 5 to 35 days, in line with applicable market regulations and/or industry practice. Standard payment terms for corporate and overhead costs are 30 days, with settlement of supplier invoices occurring in batches, on a weekly basis at a minimum.
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
31 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
TotalEnergies Gas & Power Ltd firstly seeks to settle disputes by reference to the underlying contractual dispute resolution terms. Where this is not possible, TotalEnergies Gas & Power Ltd will aim to resolve the dispute through mediation with their counterpart. This process is driven by the back office of the relevant desk to which the contract applies. Where necessary, outstanding disputes are escalated to the Head of Department and Senior Management.
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