Ofgem has proposed new plans to adjust the energy price cap every three months instead of the current twice a year.
The energy price cap – which is the mechanism that outlines the maximum amount that companies can charge to provide energy – has been credited with protecting around 22 million UK households from the worst of the price hikes after COVID-19 restrictions were eased and the war in Ukraine pushed up wholesale gas prices.
The cap prevented companies from passing on unprecedented increases to their customers.
According to the government, the cap was said to have delayed the impact from the most damaging element of the ongoing cost of living crisis, after the average bill rose by 54%, or £693 annually, from April to £1,971, and the latest forecasts suggest bills could rise to almost £2,600 in October when the next price cap adjustment is due.
But now, industry regulator Ofgem revealed in a statement today that it was putting the idea of more regular adjustments of the cap out to consultation.
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This proposed plan is said to have come after there was criticism expressed that the present twice-yearly adjustment arrangement had contributed to the collapse of several suppliers last year at the height of the wholesale gas price shock, Jonathan Brearley, chief executive of Ofgem, said adjusting the cap more regularly would “reflect the most accurate energy prices”.
He also said it means that when costs fall from the current record highs, customers would “see the benefit much sooner”.
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After extensive research, stakeholder feedback & talking with consumers, we're proposing to update the price cap every 3 months rather than every 6 months
This would make suppliers more resilient & any savings can be passed on to consumers quicker
Ofgem said in a statement: “Our top priority is to protect consumers by ensuring a fair and resilient energy market that works for everyone.
“Our retail reforms will ensure that consumers are paying a fair price for their energy while ensuring resilience across the sector [and] today’s proposed change would mean the price cap is more reflective of current market prices and any price falls would be delivered more quickly to consumers.
“It would also help energy suppliers better predict how much energy they need to purchase for their customers, reducing the risk of further supplier failures, which ultimately pushes up costs for consumers.”
In response to the Ofgem statement issued on the price cap, a government spokesman said: “We recognise the pressures people are facing with the cost of living, which is why we have set out a £22 billion package of support, including rebates and reductions for energy bills, as well as more targeted support for low income and vulnerable households.
“The price cap continues to insulate households from even higher global gas prices [and] that’s why we have also outlined plans to extend the cap beyond 2023.”
Featured Image – RawPixel
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The 2027 World Climbing Series is coming to Manchester
Danny Jones
In yet more huge sporting news for Greater Manchester, the 2027 World Climbing Series is coming to 0161 later this year.
We’ve had plenty of big peaks of late, but things seem to just keep going up and up.
Set to host the global event for the first time in our history, Manchester will welcome the World Climbing Series (WCS), which is set to include both Olympic and Paralympic disciplines ahead of the next Summer Games in 2028.
2027 will mark the 38th edition of the series, which will also be one of only a handful to be held in the North – it’s just down to our city to make it the best.
Officially announced on Friday, 16 January, the British Mountaineering Council (BMC) confirmed the return to the UK.
Founded back in 1989, the International Federation of Sport Climbing (IFSC) is coming up on four decades since the competition first began – Leeds being chosen as the inaugural hosts – the event has come a long way since then.
The IFSC’s rebranding of the annual bouldering, lead and speed trials to the modern WSC, which began last year, was initially revealed back in 2023.
Welcoming continental talent right down to the youth level, the upcoming 2026 World Climbing Series is taking place in the summer and will be hosted by the city of Innsbruck in Austria.
As for the WSC’s Manchester debut, which is being organised in collaboration with the City Council, Manchester Accommodation BID, MCR Active and the National Lottery via UK Sport investment.
It’s not the only big sporting celebration that the Council will be supporting in 2027.
Paul Ratcliffe, CEO of the British Mountaineering Council, said in an official statement: “It’s exciting to be able to confirm that a World Series climbing event will return to the UK in 2027 as part of the BMC’s major event programme.
“Hosting a competition of this scale in Manchester is a strong statement about the UK’s place on the international climbing stage and a great opportunity for our athletes, fans, the climbing community and the wider public to experience the sport at the very highest level.
“Our ‘Route to Adventure’ strategy sets out how we will build on moments like this to support people into climbing and help them progress, whatever their starting point. Using major events to inspire participation, strengthen pathways and reinforce our commitment to inclusion is central to our long-term approach.”
Scheduled to take place in June, you can find out more information about the 2027 World Climbing Series in Manchester by signing up for the official event mailing list HERE.
The Tour de France is coming to Manchester
Danny Jones
It’s official: both the male and female Tour de France are coming to Greater Manchester and nine other destinations across the UK in 2027.
As one of the biggest locations on the list, it’s another big sporting landmark for us Mancs.
Confirmed on Thursday, 15 January, the men’s race and the Tour de France Femmes (TdFF) will be passing through our region next summer.
Revealing the news in an exciting announcement video on social media, you can see the other cities and towns that the world-famous endurance event will be hitting here:
With Greater Manchester boasting not only the National Cycling Centre, but having already hosted the Tour of Britain – which has passed through Altrincham on multiple ocassions – we’re well-versed when it comes to the sport.
It’s been more than a decade since the Tour de France last took place in the UK, with London and Yorkshire hosting three stages of the biggest date on the annual cycling calendar back in 2014.
Fast forward a dozen years, and not only will they both be participating again, but Great Britain will see dual Grand Départs for men and women for the very first time.
Not only are we buzzing that the racing will be returning to our friends in Leeds and Sheffield, but also nice to see other Northern regions lending their roads and stunning landscapes, such as the Lake District and wider parts of Cumbria.
You can see the full route map broken down below.
🇬🇧 Leeds, Manchester, Sheffield, London 🇬🇧
💛 Grand Départ Great Britain 2027: in the footsteps of the pioneers!
— Le Tour de France Femmes avec Zwift (@LeTourFemmes) January 15, 2026
Speaking in an official press release, race director Christian Prudhomme said: “The UK has always welcomed the Tour with passion and pride, and the route details we are revealing today reflect the beauty and diversity of Britain’s terrain.”
“Bringing both Grand Départs here is a testament to the strength of our partnership with British Cycling and the enthusiasm of the UK.”
TdFF counterpart, Marion Rousse, added: “The UK has played an important role in the history of women’s cycling, with champions such as Lizzie Deignan.
“Starting the Tour de France Femmes avec Zwift in Leeds is a strong choice, closely linked to this heritage and to the enthusiasm of a public that knows and loves the Tour. These stages clearly reflect the race’s ambition: to continue growing women’s cycling and to inspire future generations.”
The Manc -
16th May 2022 
