The table below shows average business electricity and gas prices in Newham 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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Newham 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 |
Newham 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 |
Newham Business Stats
The business statistics for Newham come from the ONS.
Number of Businesses By Revenue in Newham
| Annual Turnover (£000’s) | Number of Businesses | Percent of Total |
|---|---|---|
| 0-49 | 1825 | 14.17% |
| 50-99 | 3240 | 25.17% |
| 100-249 | 4720 | 36.66% |
| 250-499 | 1635 | 12.7% |
| 500-999 | 755 | 5.86% |
| 1000-1999 | 340 | 2.64% |
| 2000-4999 | 210 | 1.63% |
| 5000-9999 | 70 | 0.54% |
| 10000-49999 | 60 | 0.47% |
| 50000+ | 20 | 0.16% |
Number of Businesses by Number of Employees in Newham
| Number of Employees | Number of Businesses | Percent of Total |
|---|---|---|
| 0-4 | 11130 | 86.45% |
| 5-9 | 1005 | 7.81% |
| 10-19 | 425 | 3.3% |
| 20-49 | 185 | 1.44% |
| 50-99 | 45 | 0.35% |
| 100-249 | 45 | 0.35% |
| 250+ | 40 | 0.31% |
Number of Businesses By Industry in Newham
| Industry | Number of Businesses | Percent of Total |
|---|---|---|
| Agriculture, forestry & fishing | 5 | 0.04% |
| Production | 415 | 3.22% |
| Construction | 2090 | 16.23% |
| Motor trades | 205 | 1.59% |
| Wholesale | 555 | 4.31% |
| Retail | 1670 | 12.97% |
| Transport & Storage (inc postal) | 885 | 6.87% |
| Accommodation & food services | 685 | 5.32% |
| Information & communication | 1445 | 11.22% |
| Finance & insurance | 120 | 0.93% |
| Property | 430 | 3.34% |
| Professional, scientific & technical | 1780 | 13.83% |
| Business administration & support services | 1250 | 9.71% |
| Public administration & defence | 0 | 0.0% |
| Education | 275 | 2.14% |
| Health | 440 | 3.42% |
| Arts, entertainment, recreation & other services | 625 | 4.85% |
Please note the stats above only include VAT and/or PAYE based enterprises.