The table below shows average business electricity and gas prices in Torfaen 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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Torfaen 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 |
Torfaen 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 |
Torfaen Business Stats
The business statistics for Torfaen come from the ONS.
Number of Businesses By Revenue in Torfaen
| Annual Turnover (£000’s) | Number of Businesses | Percent of Total |
|---|---|---|
| 0-49 | 290 | 13.39% |
| 50-99 | 455 | 21.02% |
| 100-249 | 680 | 31.41% |
| 250-499 | 325 | 15.01% |
| 500-999 | 175 | 8.08% |
| 1000-1999 | 105 | 4.85% |
| 2000-4999 | 70 | 3.23% |
| 5000-9999 | 35 | 1.62% |
| 10000-49999 | 20 | 0.92% |
| 50000+ | 10 | 0.46% |
Number of Businesses by Number of Employees in Torfaen
| Number of Employees | Number of Businesses | Percent of Total |
|---|---|---|
| 0-4 | 1555 | 71.82% |
| 5-9 | 310 | 14.32% |
| 10-19 | 160 | 7.39% |
| 20-49 | 80 | 3.7% |
| 50-99 | 35 | 1.62% |
| 100-249 | 15 | 0.69% |
| 250+ | 10 | 0.46% |
Number of Businesses By Industry in Torfaen
| Industry | Number of Businesses | Percent of Total |
|---|---|---|
| Agriculture, forestry & fishing | 55 | 2.54% |
| Production | 215 | 9.93% |
| Construction | 360 | 16.63% |
| Motor trades | 115 | 5.31% |
| Wholesale | 75 | 3.46% |
| Retail | 170 | 7.85% |
| Transport & Storage (inc postal) | 150 | 6.93% |
| Accommodation & food services | 160 | 7.39% |
| Information & communication | 110 | 5.08% |
| Finance & insurance | 35 | 1.62% |
| Property | 45 | 2.08% |
| Professional, scientific & technical | 205 | 9.47% |
| Business administration & support services | 185 | 8.55% |
| Public administration & defence | 10 | 0.46% |
| Education | 25 | 1.15% |
| Health | 105 | 4.85% |
| Arts, entertainment, recreation & other services | 145 | 6.7% |
Please note the stats above only include VAT and/or PAYE based enterprises.