Energy Payment Trends: 2023 vs 2024
Energy Sector Payment Practices: Marginal Improvement Seen in 2024
The Comparison
- 2023: Analysed 187 energy companies, achieving an average payment score of 78.7 out of 100.
- 2024: Scope expanded to 197 energy companies, resulting in an average payment score of 79.3 out of 100.
What This Means
The energy sector's payment practices showed a slight uptick in 2024, with an increase of just 0.5 points compared to the previous year. While the larger sample size in 2024 suggests a more comprehensive view of the sector, the minimal change indicates persistent challenges in prompt payment. Companies struggling with late payments can use our free late payment calculator to assess the impact.
In a nutshell: The energy sector's average payment score moved from 78.7 (187 companies) in 2023 to 79.3 (197 companies) in 2024.
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