Invoicing and financial eligibility
Invoicing
Payments for gas transmission
The price for gas transmission services provided in contract month "M" is billed to network users using the following procedure:
- Advance invoice
- Amount of payment: 100% of monthly supply excluding variable price component
- Date of issue: By the 20th calendar day of month M-1
- Due date: 14 calendar days after an invoice is sent to the customer
- Additional advance invoice(s)
- Amount of payment: 100% of monthly supply excluding variable price component
- Issued in case that additional capacity is booked for month "M" after the 20th day of month M-1 by the 19th day of month M, provided that the price for booked capacity is in excess of CZK 50,000
- Date of issue: Within five days after additional capacity is booked
- Due date: 14 calendar days after an invoice is sent to the customer
- Settlement invoice
- Amount of payment: 100% of total monthly supply minus paid prepayments
- Date of issue: By the 14th calendar day of month M+1
- Due date: 14 calendar days after an invoice is sent to the customer
Administrative and billing information
Corporate Information:
NET4GAS, s.r.o.
Na Hřebenech II 1718/8
P.O. BOX 22
140 21 Prague 4 – Nusle
The company is registered under Reg. No. C 108316 in the Commercial Register maintained by the Prague Municipal Court.
ID No.: 27260364
Tax ID: CZ27260364
EIC Code: 21X000000001304L
Bank information:
ČSOB Prague
Czech Crown payments
Account No.: 17470543/0300
IBAN: CZ8203000000000017470543
SWIFT Code: CEKOCZPP
Euro payments
Account No.: 02004280/0300
IBAN: CZ8803001712800017470543
SWIFT Code: CEKOCZPP
The billing and payment terms are laid down in Article 12 of the Network Code.
Financial eligibility
Every system user must demonstrate to NET4GAS the appropriate financial eligibility for the fulfillment of contractual commitments no later than:
- Two calendar months before gas transmission is to begin, or
- Two working days before booking (transferring) transmission capacity in case that the time between booking (transfer) and the day on which gas transmission is to begin is shorter than two calendar months.
Appropriate financial eligibility can be demonstrated using any financial security having the form of a:
- Bank guarantee,
- Cash deposit,
- Declaration of guarantor (the text in Czech language has priority – the English translation serves for information purposes only),
or
NET4GAS may assign the network user a credit limit based on the user's credit rating and value of equity. For the purpose of setting a credit limit, the user must submit:
- Financial statements not older than 18 months,
- A credit rating report not older than six months issued by one of the following agencies: Standard & Poor‘s, Moody’s, Fitch, Creditreform, or Dun & Bradstreet (financial report with a failure score).
The required value of security depends on credit exposure calculated in accordance with Annex No. 1 to the Network Code.
All types of financial security are accepted in Czech crowns only.
Financial eligibility requirements are laid down in Annex No. 1 to the Network Code.