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Inner London Business Electricity & Gas Prices

The table below shows average business electricity and gas prices in Inner 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.

Topics

  • Inner London Business Electricity Rates
  • Inner London Business Gas Rates
  • Inner London Business Stats
  • Number of Businesses By Revenue in Inner London
  • Number of Businesses by Number of Employees in Inner London
  • Number of Businesses By Industry in Inner London

Inner 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

Inner 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

Inner London Business Stats

The business statistics for Inner London come from the ONS.

Number of Businesses By Revenue in Inner London

Annual Turnover (£000’s) Number of Businesses Percent of Total
0-49 43605 15.61%
50-99 53745 19.24%
100-249 87190 31.21%
250-499 35620 12.75%
500-999 22375 8.01%
1000-1999 14350 5.14%
2000-4999 10865 3.89%
5000-9999 4630 1.66%
10000-49999 4850 1.74%
50000+ 2110 0.76%

Number of Businesses by Number of Employees in Inner London

Number of Employees Number of Businesses Percent of Total
0-4 219640 78.63%
5-9 28005 10.03%
10-19 16150 5.78%
20-49 8685 3.11%
50-99 3355 1.2%
100-249 1960 0.7%
250+ 1545 0.55%

Number of Businesses By Industry in Inner London

Industry Number of Businesses Percent of Total
Agriculture, forestry & fishing 395 0.14%
Production 9065 3.25%
Construction 18220 6.52%
Motor trades 1825 0.65%
Wholesale 9690 3.47%
Retail 21710 7.77%
Transport & Storage (inc postal) 5910 2.12%
Accommodation & food services 13855 4.96%
Information & communication 38040 13.62%
Finance & insurance 12105 4.33%
Property 15405 5.51%
Professional, scientific & technical 70390 25.2%
Business administration & support services 27565 9.87%
Public administration & defence 85 0.03%
Education 4835 1.73%
Health 8685 3.11%
Arts, entertainment, recreation & other services 21560 7.72%

Please note the stats above only include VAT and/or PAYE based enterprises.

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