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Energy Payment Practices Report 2022

•By PaymentCheck•Reports

UK Energy Sector Payments Significantly Outperform National Average, But Disparities Remain

The Numbers

  • Companies analysed: 190
  • Average PaymentCheck Score: 77.2/100
  • UK average: 50.0/100
  • Difference between Energy sector and UK average: 27.2 points
  • Number of companies with perfect scores: 5
  • Lowest score: 24.4/100
  • Regional highest average: Northern Ireland - 82.9/100 (7 companies)
  • Regional lowest average: Scotland - 77.6/100 (15 companies)

What Stands Out

The UK energy sector's average payment performance in 2022, based on this sample of 190 companies, is substantially better than the national average. It's almost 30 points above! Still, even within this relatively high-performing sector, payment practices are far from uniform, with a worrying gap between the best and worst payers.

Best Payers

  1. LYNN WIND FARM LIMITED - 100/100
  2. INNER DOWSING WIND FARM LIMITED - 100/100
  3. INEOS UK SNS LIMITED - 100/100
  4. NEO ENERGY NATURAL RESOURCES LIMITED - 100/100
  5. INDEPENDENT PIPELINES LIMITED - 100/100

Worst Payers

  1. ENSCO OFFSHORE U.K. LIMITED - 24.4/100
  2. CLARIOS UK LIMITED - 30.15/100
  3. EDF ENERGY RENEWABLES HOLDINGS LIMITED - 30.9/100
  4. ENERSYS LTD. - 31.6/100
  5. EDF ENERGY RENEWABLES LIMITED - 32.95/100

Regional Patterns

Northern Ireland, despite only having 7 companies in the sample, leads the way with an average score of 82.9, while Scotland lags slightly behind at 77.6 - whether this reflects genuine geographic differences or is just sample variation is tough to say. London, with the largest sample size (61 companies), scores a respectable 81.2.

If you are having late payment issues, you can use our late payment calculator.

Takeaway: While the energy sector's overall PaymentCheck score of 77.2 significantly exceeds the UK average of 50, ENSCO OFFSHORE U.K. LIMITED's score of just 24.4 shows that prompt payment is still a significant problem for some suppliers.