Energy Sector Payment Performance: A Marginal Increase From 2020 to 2021

The Comparison

Here's a direct comparison of payment practices within the energy sector, based on data collected in 2020 and 2021:

• 2020: Analysed 183 companies with an average payment performance score of 76.2 out of 100.
• 2021: Review expanded to include 202 companies, showing an average payment performance score of 77.1 out of 100.

What This Means

The sector saw a minor overall improvement in payment practices. While the increase from 76.2 to 77.1 represents a positive direction, the 0.8-point change indicates only a slight shift in how promptly energy companies paid their suppliers between the two years. This near-static performance underscores that challenges in timely payments remain prevalent within the industry. Companies struggling with late payments can use tools like this late payment calculator to help them understand the consequences.

In summary, the energy sector's payment performance experienced a marginal lift, moving from 76.2 (out of 100) across 183 companies in 2020 to 77.1 across 202 companies in 2021.