0800 464 7677City of London Business Electricity & Gas Rates
Compare City of London
Business Electricity & Gas
Rates
Compare City of London
Business Electricity & Gas
Rates
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City of London Business Electricity & Gas Price Stats For 2025
Wondering how much businesses in City of London spend on their electricity and gas in 2025?
Overall, there are 25,555 business locations in City of London which spend an estimated £139,914,850 on electricity and £56,528,063 on gas for a total business energy spend of £196,442,913 per year.
If all businesses could reduce their bills by 10%, they would collectively save £13,991,485 on electricity and £5,652,806 on gas for a total savings of £19,644,291 per year.
City of London Business Electricity Pricing Data p/kWh
The table below shows what the average UK business currently pays per kWh for electricity based on consumption patterns.
| Business Size | Annual Electricity Usage (MWh) | Average Electricity Rates in Pence per kWh* (excluding CCL) | Average Electricity Rates in Pence per kWh* (including CCL) | Best Rates Price Per kWh |
|---|---|---|---|---|
| Very Small | 0 – 20 | 26.81 p/kWh | 27.49 p/kWh | Click Here For Live Prices |
| Small | 20 – 499 | 26.00 p/kWh | 26.50 p/kWh | Click Here For Live Prices |
| Small/Medium | 500 – 1,999 | 26.78 p/kWh | 27.32 p/kWh | Click Here For Live Prices |
| Medium | 2,000 – 19,999 | 28.58 p/kWh | 29.13 p/kWh | Click Here For Live Prices |
| Large | 20,000 – 69,999 | 28.37 p/kWh | 28.93 p/kWh | Click Here For Live Prices |
| Very Large | 70,000 – 150,000 | 22.86 p/kWh | 23.25 p/kWh | Click Here For Live Prices |
| Extra Large | >150,000 | 21.14 p/kWh | 21.62 p/kWh | Click Here For Live Prices |
| Average For All UK Businesses | NA | 25.17 p/kWh | 25.69 p/kWh | Click Here For Live Prices |
City of London Business Gas Pricing Data p/kWh
And The table below shows what the average UK business currently pays per kWh for gas based on consumption patterns.
| Business Size | Gas: Annual consumption MWh | Average Gas Rates in Pence per kWh* (excluding CCL) | Average Gas Rates in Pence per kWh* (including CCL) | Best Rates Price Per kWh |
|---|---|---|---|---|
| Very Small | 0-278 | 9.75 p/kWh | 10.11 p/kWh | Click Here For Live Prices |
| Small | 278 – 2,777 | 5.03 p/kWh | 5.47 p/kWh | Click Here For Live Prices |
| Medium | 2,778 – 27,777 | 4.30 p/kWh | 4.63 p/kWh | Click Here For Live Prices |
| Large | 27,778 – 277,777 | 3.93 p/kWh | 4.04 p/kWh | Click Here For Live Prices |
| Very Large | 277,778 – 1,111,112 | 3.88 p/kWh | 3.98 p/kWh | Click Here For Live Prices |
| UK Average | NA | 5.10 p/kWh | 5.35 p/kWh | Click Here For Live Prices |
* Note data from both tables comes from gov.uk, and goes up to Q3 2024 which is the latest data available.
You can also get the latest pricing data on the following pages:
Estimated Business Energy Consumption & Spend In City of London
The tables below provide estimates on total energy consumption and spending by businesses in City of London based on typical energy usage patterns based on business size.
Total Annual Energy Consumption By Business Size In City of London
| Business Size | Annual Estimated Electricity Consumption in GWh | Annual Estimated Gas Consumption in GWh |
|---|---|---|
| Micro (under 10 Employees) | 288 GWh | 288 GWh |
| Small (10-49 Employees) | 113 GWh | 135 GWh |
| Medium (49-250 Employees) | 71 GWh | 92 GWh |
| Large (250+ Employees) | 54 GWh | 65 GWh |
| Total | 525 GWh | 580 GWh |
Total Annual Energy Spend By Business Size In City of London
| Business Size | Annual Estimated Electricity Spend | Annual Estimated Gas Spend | Annual Estimated Total Energy Spend |
|---|---|---|---|
| Micro (under 10 Employees) | £77,212,800 | £28,080,000 | £105,292,800 |
| Small (10-49 Employees) | £30,194,450 | £13,191,750 | £43,386,200 |
| Medium (49-250 Employees) | £20,220,350 | £8,967,563 | £29,187,913 |
| Large (250+ Employees) | £12,287,250 | £6,288,750 | £18,576,000 |
| Total | £139,914,850 | £56,528,063 | £196,442,913 |
Note: Small and Micro businesses collectively use more electricity and gas than larger businesses, simply because there are so many more of them. Individually, each large business uses far more energy than the typical small or micro one.
* Methodology: The consumption and spend figures above are meant to be estimates only. They are based on the number of business in City of London by size according to the ONS and consumption behaviour from Ofgem and prices listed above from GOV.UK. This only includes spend on consumption and not standing charges. The names used for business sizes also come from Ofgem classifications.
Number of Business Locations In City of London By Employee Numbers
There are 25,555 VAT and/or PAYE registered business locations in City of London.
Here’s how that breaks down based on the number of employees
| Number of Employees | Total Number | Share of Total |
|---|---|---|
| 0-4 Employees | 15,625 | 61.10% |
| 5-9 Employees | 3,575 | 14.00% |
| 10-19 Employees | 2,595 | 10.20% |
| 20-49 Employees | 1,915 | 7.50% |
| 50-99 Employees | 845 | 3.30% |
| 100-249 Employees | 570 | 2.20% |
| 250+ Employees | 430 | 1.70% |
| Total | 25,555 | 100% |
Number of Businesses In City of London By Revenue
There are 22,485 VAT and/or PAYE total registered businesses in City of London (who collectively operate the 25,555 locations listed above)
Here’s how they break down based on annual revenue
| Annual Turnover | Total Number of Businesses | Share of Total |
|---|---|---|
| £0-49k | 3,240 | 14.40% |
| £50-99k | 2,385 | 10.60% |
| £100-249k | 4,750 | 21.10% |
| £250-499k | 2,950 | 13.10% |
| £500-999k | 2,500 | 11.10% |
| £1-2M | 1,935 | 8.60% |
| £2-5M | 1,810 | 8.00% |
| £5-10M | 980 | 4.40% |
| £10-50M | 1,235 | 5.50% |
| £50M+ | 700 | 3.10% |
| Total | 22,485 | 100% |
Number of Businesses In City of London By Industry
Here are how many different businesses there are in City of London by business type and industry.
| Type/Industry | Total Number | Share of Total |
|---|---|---|
| Agriculture, forestry & fishing | 30 | 0.10% |
| Production | 865 | 3.40% |
| Construction | 825 | 3.20% |
| Motor trades | 25 | 0.10% |
| Wholesale | 695 | 2.70% |
| Retail | 895 | 3.50% |
| Transport & Storage (inc. postal) | 275 | 1.10% |
| Accommodation & food services | 1,110 | 4.30% |
| Information & communication | 2,770 | 10.80% |
| Finance & insurance | 3,635 | 14.20% |
| Property | 1,210 | 4.70% |
| Professional, scientific & technical | 8,115 | 31.80% |
| Business administration & support services | 3,360 | 13.10% |
| Public administration & defence | 35 | 0.10% |
| Education | 275 | 1.10% |
| Health | 400 | 1.60% |
| Arts, entertainment, recreation & other services | 1,035 | 4.10% |
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