The table below shows average business electricity and gas prices in Westminster 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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Westminster 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 |
Westminster 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 |
Westminster Business Stats
The business statistics for Westminster come from the ONS.
Number of Businesses By Revenue in Westminster
| Annual Turnover (£000’s) | Number of Businesses | Percent of Total |
|---|---|---|
| 0-49 | 8615 | 16.53% |
| 50-99 | 6645 | 12.75% |
| 100-249 | 13210 | 25.35% |
| 250-499 | 7095 | 13.61% |
| 500-999 | 5605 | 10.76% |
| 1000-1999 | 4120 | 7.91% |
| 2000-4999 | 3245 | 6.23% |
| 5000-9999 | 1430 | 2.74% |
| 10000-49999 | 1505 | 2.89% |
| 50000+ | 645 | 1.24% |
Number of Businesses by Number of Employees in Westminster
| Number of Employees | Number of Businesses | Percent of Total |
|---|---|---|
| 0-4 | 37310 | 71.59% |
| 5-9 | 6805 | 13.06% |
| 10-19 | 4180 | 8.02% |
| 20-49 | 2080 | 3.99% |
| 50-99 | 850 | 1.63% |
| 100-249 | 485 | 0.93% |
| 250+ | 405 | 0.78% |
Number of Businesses By Industry in Westminster
| Industry | Number of Businesses | Percent of Total |
|---|---|---|
| Agriculture, forestry & fishing | 110 | 0.21% |
| Production | 1555 | 2.98% |
| Construction | 3110 | 5.97% |
| Motor trades | 145 | 0.28% |
| Wholesale | 1700 | 3.26% |
| Retail | 3670 | 7.04% |
| Transport & Storage (inc postal) | 610 | 1.17% |
| Accommodation & food services | 2520 | 4.84% |
| Information & communication | 5285 | 10.14% |
| Finance & insurance | 4395 | 8.43% |
| Property | 5135 | 9.85% |
| Professional, scientific & technical | 12060 | 23.14% |
| Business administration & support services | 5185 | 9.95% |
| Public administration & defence | 35 | 0.07% |
| Education | 665 | 1.28% |
| Health | 1520 | 2.92% |
| Arts, entertainment, recreation & other services | 4415 | 8.47% |
Please note the stats above only include VAT and/or PAYE based enterprises.