Industry ranking
Score of 98.9/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 15 | 98% | 1% | 1% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 15 | 98% | 1% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 97% | 2% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 11 | 99% | 1% | 0% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 12 | 97% | 2% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 14 | 98% | 1% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 14 | 97% | 2% | 1% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 13 | 98% | 1% | 1% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 99% | 1% | 0% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 98% | 1% | 1% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 13 | 98% | 1% | 1% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 99% | 1% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 12 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 11 | 99% | 1% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Drax Energy Solutions Limited standard contract payment terms are 30 days; however, different terms may be agreed with suppliers as part of contract negotiations. Payment runs are completed on a weekly basis with approved invoices falling due for payment in the preceding week included in the payment run.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
On receipt of any invoice queries, Accounts Payable check whether: - •The invoice is for Drax Energy Solutions Limited •We have authorised supplier details and bank account for payment •If applicable, a Purchase Order (PO) number is quoted and matches an approved order number •If applicable, the invoice details match the approved PO for quantity, price, and description of supply •If applicable, the PO has been receipted •The invoice has not already been paid We aim to complete these checks within 5 days of invoice receipt. If invoices are received on a timely basis and no queries arise from these checks, payment will be scheduled by BACS in accordance with terms. Where queries arise, payment will be made by BACS once these queries are resolved. We aim to resolve queries within 10 days and make payment on the next scheduled BACS run. In exceptional circumstance a CHAPS payment for emergency payments can be made. Disputes should be sent to the following email address; purchase.ledger@drax.com This email is monitored daily by Accounts Payable.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Drax Energy Solutions Limited, registered in England and Wales and based at Drax Power Station in Selby, trades under the Drax name supplying business energy. It supplies renewable source electricity to businesses and other organisations, offering Flex or Fix electricity plans, new connections and smart meters. The company also supports corporate decarbonisation through power purchase agreements for renewables generators, electric vehicle fleet electrification and charging infrastructure, and carbon footprint assessment tools. Customers can manage accounts, submit meter readings and monitor usage through an online portal. It works with organisations of varying scale, citing a project onboarding hundreds of sites for a major UK supermarket chain as an example of its business energy services.
Generated from the company's website and Companies House records. Sources: energy.drax.com · energy.drax.com