The table below shows average business electricity and gas prices in Watford 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
Watford 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 |
Watford 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 |
Watford Business Stats
The business statistics for Watford come from the ONS.
Number of Businesses By Revenue in Watford
Annual Turnover (£000’s) | Number of Businesses | Percent of Total |
---|---|---|
0-49 | 660 | 12.61% |
50-99 | 1310 | 25.02% |
100-249 | 1790 | 34.19% |
250-499 | 570 | 10.89% |
500-999 | 330 | 6.3% |
1000-1999 | 235 | 4.49% |
2000-4999 | 165 | 3.15% |
5000-9999 | 70 | 1.34% |
10000-49999 | 70 | 1.34% |
50000+ | 35 | 0.67% |
Number of Businesses by Number of Employees in Watford
Number of Employees | Number of Businesses | Percent of Total |
---|---|---|
0-4 | 4280 | 81.76% |
5-9 | 460 | 8.79% |
10-19 | 265 | 5.06% |
20-49 | 120 | 2.29% |
50-99 | 50 | 0.96% |
100-249 | 30 | 0.57% |
250+ | 30 | 0.57% |
Number of Businesses By Industry in Watford
Industry | Number of Businesses | Percent of Total |
---|---|---|
Agriculture, forestry & fishing | 5 | 0.1% |
Production | 205 | 3.92% |
Construction | 810 | 15.47% |
Motor trades | 120 | 2.29% |
Wholesale | 270 | 5.16% |
Retail | 525 | 10.03% |
Transport & Storage (inc postal) | 235 | 4.49% |
Accommodation & food services | 215 | 4.11% |
Information & communication | 730 | 13.94% |
Finance & insurance | 95 | 1.81% |
Property | 165 | 3.15% |
Professional, scientific & technical | 875 | 16.71% |
Business administration & support services | 450 | 8.6% |
Public administration & defence | 0 | 0.0% |
Education | 85 | 1.62% |
Health | 185 | 3.53% |
Arts, entertainment, recreation & other services | 265 | 5.06% |
Please note the stats above only include VAT and/or PAYE based enterprises.