Ofgem has today announced that the energy price cap will rise by 5% from January for the first quarter of 2024.
After the energy regulator brought the average annual household energy bill to below £2,000 for the first time since April 2022 with its last announcement back in August for the final quarter of 2023, Ofgem has just announced this morning that the energy price cap will unfortunately be rising once the new year rolls around.
The energy price cap is – which is updated every quarter throughout the year – sets a maximum that can be charged to customers for energy bills.
From 1 January 2024, the price cap will increase by 5% on the previous quarter to 31 March, which means that, for an average household paying by direct debit for dual fuel, this equates to £1,928 and a rise of £94 over the course of a year.
The 5% rise also means the average household could be spending around £7.83 extra on bills a month.
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With the rising cost of living crisis sadly continuing the make its impact felt nationwide, the energy price cap increase is sure to mean thousands of Brits will be facing another difficult winter.
According to Ofgem, today’s price cap increase is driven almost-entirely by rising costs in the international wholesale energy market, and is due to “market instability” and “global events” – particularly the ongoing conflict in Ukraine.
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Ofgem’s announcement of the energy price cap rise comes only a few months after a shocking survey by Which? found that nearly nine in 10 (85%) British households admitted to trying to cut back on their energy usage due to rising bills putting significant financial, physical, and emotional strains on consumers.
The same survey also revealed that 13 million Brits didn’t put their heating on when it got cold last winter, as they claimed they were just “too scared” to do so.
Ofgem says its “priority” is to “protect consumers” and “ensure they pay a fair price for their energy” this winter.
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“This is a difficult time for many people, and any increase in bills will be worrying,” Ofgem’s CEO Jonathan Brearley commented on the price cap announcement today, “But this rise is a result of the wholesale cost of gas and electricity rising, which needs to be reflected in the price that we all pay.
“It is important that customers are supported and we have made clear to suppliers that we expect them to identify and offer help to those who are struggling with bills.
“We are also seeing the return of choice to the market, which is a positive sign.
“Customers could benefit from shopping around with a range of tariffs now available offering the security of a fixed rate or a more flexible deal that tracks below the price cap.”
Mr Brearley added that people should “weigh up all the information” and “seek independent advice” from trusted sources, all while consider what’s “most important” for them – whether that’s the lowest price, or the security of a fixed deal.
The next quarterly energy price cap announcement covering April – June 2024 is expected to be made next February, Ofgem has confirmed.
Featured Image – Pxhere
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Teens could be recruited as train drivers to help ‘improve’ Britain’s railways amid ongoing strikes
Emily Sergeant
Teenagers could soon be recruited as train drivers in a bid to help “improve” Britain’s railways, the Government has announced.
Amid what have been ongoing strikes for the past couple of years now, and following on from the announcement back in February that ASLEF train drivers at several train companies and operators had voted ‘overwhelmingly’ to continue taking industrial action for another six months, the Government has now proposed lowering the minimum age to become a train driver from 20 to 18.
A consultation on the somewhat-controversial move is to be launched as part of the Government’s efforts to open up more careers in the rail sector to young people.
Ultimately, transport ministers believe this could “improve the reliability of rail services” across the UK.
This surprising recruitment drive announcement comes after the Government has revealed that the train driver workforce is projected to shrink without opening up more opportunities for new recruits in the near future – especially given the fact the average age of a train driver in Britain is 48 years old, and many are set to retire within the next five years or so.
Under the new proposals set to go out to consultation, the Department for Transport (DfT) will create a new pathway for school leavers to take up apprenticeships and train to join the profession.
If agreed following the consultation, the new regulations to lower the minimum age for train drivers from 20 to 18 could be in place as early as this summer, according to the Government, which will apparently “help set thousands of young people on track to a career in transport” once they’ve bid farewell to their school days.
The Government says its proposal to lower the minimum age would “build resilience” across the railway.
The Government has launched a consultation of the lowering of the minimum train driver age / Credit: Northern
Not only is the proposal said to form part of wider Government plans to create more opportunities where young people can gain the skills they need to succeed, all while generating more jobs that lead to a “productive” and “high-skilled” economy, but transport ministers believe attracting more young train drivers would help the rail industry provide a “more reliable service” for customers when other staff are off sick or on annual leave.
By opening up the sector to young people, the Government claims this would be “a positive step” and one that directly benefits passengers.
“We want to open the door for young people considering transport as a career, and this proposal could give school-leavers a clear path into the sector,” commented Rail Minister, Huw Merriman, as the proposals were unveiled this week.
We're asking for views on lowering the minimum age requirement to become a train driver in Great Britain from 20 to 18.
This could open the door to thousands of new opportunities for young people in transport.
“By boosting age diversity in the sector and attracting more drivers, we can help support reliable services while creating opportunities for more young people.”
If the proposals are introduced, the Government says all prospective train drivers, regardless of their age, will continue to be held to the same stringent training requirements as before to ensure the safe use of our railways for everyone.
To become a licensed train driver in the UK, trainees must pass mandatory medical, psychological, fitness, and general professional competence examinations.
They must also be trained by their employer on the trains and tracks they will be deployed on.
Featured Image – Northern
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Manchester welcomes ‘proud Mancunian’ Paul Andrews as city’s new Lord Mayor
Emily Sergeant
Manchester has welcomed a new Lord Mayor this week, and he’s ready to “serve hardworking Mancunians who want to see their beloved city thrive”.
Following Councillor Yasmine Dar’s departure from the role, Councillor Paul Andrews has now taken over the reins, and was officially appointed the new Lord Mayor of Manchester during a full Manchester City Council meeting yesterday (15 May).
This makes the “proud Mancunian” the 126th person to hold the Mayor title in the city’s history.
Born in Crumpsall, and spending the majority of his life living in the Bradford area of the city before moving to Wythenshawe in 1959, Cllr Andrews successfully completed an apprenticeship in the print industry following his graduation from Poundswick Grammar School in 1970.
His working life began as a baggage handler at Manchester Airport in 1978, but it was almost two decades before he started his politics career.
Cllr Andrews was first elected to Manchester City Council in 1996, where he represented the Woodhouse Park Ward.
Manchester has welcomed ‘proud Mancunian’ Paul Andrews as the city’s new Lord Mayor / Credit: Manchester City Council
The “tireless work ethic” he demonstrated throughout his Airport career was carried over into his Councillor role, with other Manchester City Council members often noting his “outstanding” participation in committees, his serving on and completing of two terms on the Executive Committee, and his sitting on numerous governing bodies.
Most notably, he was the Council’s Executive Member for Adults, Health and Wellbeing, and he also served on the Foster Panel for a decade too.
Even throughout his time as a Councillor, Paul was keen to keep to “his roots”, and chose to serve on the Manchester Airport Trust Fund and the Port Health Authority as a way of reflecting his “unflinching dedication” to “bettering Manchester”.
— Manchester City Council (@ManCityCouncil) May 15, 2024
Celebrating carers is described as one of Cllr Andrews’ and his wife, Karen’s – who he has been married to since 1996, and has been a “steadfast supporter” in his duty to public life – “most revisited themes”, as he was known for being passionate about improving the livelihoods of vulnerable young people with help through volunteers and professional organisations.
Outside of his political life, Cllr Andrews’ favourite way to pass the time is fishing, and he also likes to take regular visits to Ireland and Scotland with his family.
“To be appointed as Lord Mayor of this city is humbling and an utmost honour,” Cllr Andrews said after being appointed as the new Lord Mayor of Manchester yesterday.
He said the honour is one he “does not take lightly”.
“As I seek to serve hardworking Mancunians who want to see their beloved city thrive, under my tenure and through our core values of hard work, collaboration, and innovation, I aim to continue Manchester’s legacy of being a city that supports our residents to succeed,” Cllr Andrews concluded.