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I&C Payment Terms 

This section shows the supplier payment terms for bespoke tenders.

 

Suppliers Payment Terms Percentages
British Gas Term/Signature 80% on signature for both acquisitions and renewals
Corona Energy Annual Usage must be below 1gig for Power & below 3 gig on Gas: 80% on live - 20% on month 13 (reconciliation)
Monthly Above the usages of 1 gig for Power & 3 gig on Gas: Monthly in arrears
Crown Gas & Power Monthly Monthly in arrears
Drax Annual 80% on live - 20% on month 13 (reconciliation)
Ecotricity Quarterly Quarterly in arrears
EDF Annual 80% on live - 20% on month 13 (reconciliation)
Engie Term 80% on live - 20% on month 13 (reconciliation)
E-ON Next Annual 80% on live - 20% on month 13 (reconciliation)
Get Volter Annual 80% on live - 20% on month 13 (reconciliation)
Npower Annual 60% on Live - 40% on month 13 (reconciliation)
OSSO Monthly Monthly in arrears
SEFE Energy Elec: Monthly
Gas:*Term/Signature
Electric – all sales are monthly arrears / Gas - *80% upfront on signature (full term) with 20% reconciled at the end of the contract
*Gas acquisition - if start date is within 12 months of contract signing then it's 80% CV on sale as long as no meters commission value is over £20k and the total commission value for the contract is under £60k. Over these values it's monthly arrears.
*Gas acquisition - same as above but if over 12 months away then it's 80% CV on live.
Gas renewal - same as above but no 12 month rule for renewals. As long as commission value is no more than £20k per meter and/or £60k total value for the contract then it's 80% CV on sale. Over these limits is monthly arrears
Shell Energy Term/Signature 80% upfront on signature (full term) with 20% reconciled at the end of the contract. (on start dates within 24 months)
Smartest Energy Term/Signature 50% Sign, 30% Live, 20% reconciliation
SSE Annual 80% on live - 20% on month 13 (reconciliation)
Total Energies Annual 60% on live (after the first bill) - 40% at the end of the contract
United Gas And Power Monthly Monthly in arrears
Utilita Energy Monthly Monthly in arrears
YGP Term 80% on live - 20% on month 13 (reconciliation)
Yu Energy Monthly Monthly in arrears
TEM Term 60% on live (after the first bill) - 40% at the end of the contract
Voltx Power Monthly Monthly in arrears