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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The quarterly energy Price Cap will change from 1 January 2024.
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 announces energy price cap will rise by 5% to £1,928 from January / Credit: Pxhere
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.
The Price Cap sets a limit on the maximum amount suppliers can charge for each unit of gas and electricity you use, including the daily standing charge.
Today we have announced what the price cap will be from 1 January 2024.
“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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Salford confirms another ex-player as new CEO of phoenix rugby club
Danny Jones
As Salford turns the page of a new chapter in its rugby league history, ex-Red Devils player Ryan Brierley has been announced as the new chief executive officer (CEO).
His appointment was confirmed on Wednesday, 24 December, giving Salford rugby fans some fresh hope over the festive period.
Brierley, who played as a full back at Salford Red Devils from 2022 before leaving for Oldham RLFC halfway through last season earlier this year, follows fellow former player Mason Caton-Brown in returning to the team in a leadership capacity.
Sharing the news on his own social media, he wrote: “Incredibly honoured to announce I have been appointed Chief Executive Officer of Salford RLFC.”
His official statement goes on to read: “I would like to place on record my gratitude to the board members Malcolm Crompton, Mason Caton Brown and Paul Hancock for this opportunity. I would also like to thank the RFL and Salford City Council for their continued support.
“Lastly, but most importantly, to the Salford fans: what we had to go through last year was heartbreaking. I think I can speak to the wider Rugby League community and echo the sentiments of all fans that no club should ever go through that experience.
“Thank you for letting me lead this organisation into a new era. I’ve always said Salford people are my people and I will protect this club, with its best interests at heart. It is important [that] expectations are managed, and patience is required.”
He signed off by simply asking for the same support he was afforded as a fan, adding: “I have no doubt in my mind that you will go above and beyond, it’s just what Salford fans do…”
Led by the aforementioned Caton-Brown (a retired winger who played for the Red Devils between 2014-26), as well as another pair of directors in Hancock and Crompton, the Salford phoenix club has officially been given a Championship license for 2026.
Although relegation from the Super League and liquidation after 152 years were dark days for the club, this new consortium has already provided fans with some promising signs.
Besides saving the Salford sporting institution from total extinction, having previous members of the old outfit who know the bones, the stadium, the culture and the city so well is obviously a big bonus.
For now, it is a race against time to get a squad ready for the season opener against Brierley’s last team, Oldham – though contracts for a head coach and several players have reportedly been “pre-agreed”.
Featured Images — John Moorhouse (via Geograph)/supplied (via Rumpus PR)
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Netflix drops the first trailer for upcoming Peaky Blinders film
Danny Jones
It looks like Christmas has come early for TV drama fans and cinephiles, because Netflix has officially dropped the first trailer for the upcoming Peaky Blinders movie.
Popcorn at the ready – even the teaser alone has got us fired up.
ln just 70 seconds, they’ve managed to pull us right back in, and we cannot wait to see Cillian Murphy back in full-on Tommy Shelby mode.
Not exaggerating when we say we have LITERAL chills.
As you can see, they certainly haven’t scrimped on the budget with the first-ever feature-length Peaky Blinders film, neither in terms of production value nor the cast.
Then again, having already hosted the likes of Sam Neill, Tom Hardy, Adrien Brody, Anya Taylor-Joy and others in the series itself, as well as going on to become one of the most successful BBC shows of all time, they were never going to.
We’re sure you spotted plenty of them for yourselves, but the debut trailer for The Immortal Man gives us not only our first glimpses of now Oscar-winning Murphy, 49, back in the saddle (both figuratively and literally) but also fellow blockbuster Irish actor, Barry Keoghan.
Other big names set to appear in the movie – set for a limited release in theatres before launching exclusively on Netflix – include Rebecca Ferguson and Tim Roth. It still remains unclear, however, as to how any of these characters will knit into the new season.
It’s also worth noting that the trailer shares a little snippet of the historical context, this continuation of the Shelby story is playing into, as we see what looks to be Nazi figures meeting on screen.
Creator Steven Knight has already confirmed that the plot will fast-forward some years to meet back up with Tommy at the outset of WWII and his ancestral home of Birmingham during the Blitz.
Having already confirmed 6 March as the theatrical release date ahead of it going live on Netflix a fortnight later, the anticipation was seriously starting to ramp; this latest look has only added to the tinderbox of excitement.
What do you make of the Peaky Blinders: The Immortal Man trailer, and will you be watching it?
Emily Sergeant -
23rd November 2023 
