The table below shows average business electricity and gas prices in City of London based on energy consumption.
In Q3 2022, the average price for business electricity across the UK was 22.25 p/kWh (incl CCL). The average price for business gas was 6.74 p/kWh (incl CCL). The data comes from Gov.uk.
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City of London Business Electricity Rates
| Business Size | Annual Consumption | Average Electricity Unit Cost (incl CCL) |
| Very Small | Under 20,000 kWh | 25.27 p/kWh |
| Small | 20,000 – 499,000 kWh | 25.00 p/kWh |
| Small / Medium | 500,000 – 1,999,000 kWh | 25.13 p/kWh |
| Medium | 2,000,000 – 19,999,000 kWh | 20.94 p/kWh |
| Large | 20,000,000 – 69,999,000 kWh | 19.92 p/kWh |
| Very Large | 70,000,000 – 150,000,000 kWh | 21.19 p/kWh |
| Extra Large | Over 150,000,000 kWh | 20.99 p/kWh |
City of London Business Gas Rates
| Business Size | Annual Consumption | Average Gas Unit Cost (incl CCL) |
| Very Small | Under 278,000 kWh | 10.59 p/kWh |
| Small | 278,000 – 2,777,000 kWh | 5.68 p/kWh |
| Medium | 2,778,000 – 27,777,000 kWh | 5.70 p/kWh |
| Large | 27,778,000 – 277,777,000 kWh | 6.26 p/kWh |
| Very Large | Over 277,778,000 kWh | 6.39 p/kWh |
City of London Business Stats
The business statistics for City of London come from the ONS.
Number of Businesses By Revenue in City of London
| Annual Turnover (£000’s) | Number of Businesses | Percent of Total |
|---|---|---|
| 0-49 | 3525 | 15.82% |
| 50-99 | 2625 | 11.78% |
| 100-249 | 4980 | 22.36% |
| 250-499 | 2955 | 13.27% |
| 500-999 | 2375 | 10.66% |
| 1000-1999 | 1815 | 8.15% |
| 2000-4999 | 1635 | 7.34% |
| 5000-9999 | 780 | 3.5% |
| 10000-49999 | 1005 | 4.51% |
| 50000+ | 580 | 2.6% |
Number of Businesses by Number of Employees in City of London
| Number of Employees | Number of Businesses | Percent of Total |
|---|---|---|
| 0-4 | 14895 | 66.87% |
| 5-9 | 2925 | 13.13% |
| 10-19 | 2040 | 9.16% |
| 20-49 | 1150 | 5.16% |
| 50-99 | 575 | 2.58% |
| 100-249 | 375 | 1.68% |
| 250+ | 315 | 1.41% |
Number of Businesses By Industry in City of London
| Industry | Number of Businesses | Percent of Total |
|---|---|---|
| Agriculture, forestry & fishing | 25 | 0.11% |
| Production | 890 | 4.0% |
| Construction | 670 | 3.01% |
| Motor trades | 25 | 0.11% |
| Wholesale | 680 | 3.05% |
| Retail | 720 | 3.23% |
| Transport & Storage (inc postal) | 235 | 1.05% |
| Accommodation & food services | 460 | 2.07% |
| Information & communication | 2500 | 11.22% |
| Finance & insurance | 3485 | 15.65% |
| Property | 970 | 4.35% |
| Professional, scientific & technical | 7700 | 34.57% |
| Business administration & support services | 2425 | 10.89% |
| Public administration & defence | 5 | 0.02% |
| Education | 230 | 1.03% |
| Health | 285 | 1.28% |
| Arts, entertainment, recreation & other services | 970 | 4.35% |
Please note the stats above only include VAT and/or PAYE based enterprises.