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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New £60m fund launched to fill potholes across Greater Manchester
Emily Sergeant
A new £60 million Pothole Fund has been created to repair more of the city region’s roads and pavements.
The fund – which has been set up by new Mayor Bev Craig, and is to be spent across every borough in Greater Manchester – is set to be a ‘major boost’ to efforts to tackle the pothole problem, as it will be enough to repair and maintain over a million square metres, or around 125 kilometres, of road across the wider region.
Around 2.5 billion trips are made on Greater Manchester‘s roads every year – not only by motorists, but also by buses, trams, cyclists, and pedestrians. So the fund will be used to help keep the highways network ‘safe and reliable’.
The fund will enable transport teams to repair hotspots where surfaces are in poor condition, as well as resurface roads and pavements to prevent them from deteriorating in the first place.
A new £60m fund has been launched to fill potholes across Greater Manchester / Credit: TfGM
Cold and wet winters, more traffic, and heavier vehicles using the roads are just some of the contributing factors to the pothole problem, which is why the fund is being introduced before autumn and winter properly arrives.
The amount each of the 10 boroughs will receive is based on an agreed funding formula, with the allocations being:
Bolton: £6,552,000
Bury: £4,374,000
Manchester: £8,155,000
Oldham: £5,258,000
Rochdale: £5,243,000
Salford: £5,388,000
Stockport: £6,820,000
Tameside: £4,980,000
Trafford: £4,992,000
Wigan: £8,241,000
The extra cash comes from the region’s transport budget, with leaders agreeing to reallocate funding towards highways maintenance, and it fulfils a commitment Bev made in her Mayoral Manifesto to repair more roads and make sure pavements are safe.
“Keeping our roads and pavements safe and well maintained is essential for a growing city region like Greater Manchester,” explained Mayor Bev Craig.
“That’s why I promised to create this new Pothole Fund that will benefit drivers and everyone who uses our roads to get around. Properly maintaining our roads will save motorists money on costly repairs, and by preventing potholes forming in the first place, councils won’t have to spend as much money on emergency road repairs.
“This issue came up repeatedly on the doorstep during my election campaign so I’m pleased that I can do something about it so quickly, building on the significant work already planned by councils across Greater Manchester.”
Featured Image – TfGM
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Six GMP officers dismissed following racial discrimination allegations
Emily Sergeant
A number of police officers have been dismissed following an internal investigation, Greater Manchester Police (GMP) has confirmed.
Following the internal investigation into alleged racial discrimination against an officer on the Bury district – which was launched by GMP‘s Professional Standards Directorate in July 2024 – six officers and two former officers were found to have committed gross misconduct, and a ninth officer was found to have committed misconduct.
The investigation came after a report was made that an officer had been subjected to ‘racist behaviour’ by colleagues in December 2023.
The panel heard how PC Y – who has African heritage and has been granted anonymity – made a complaint after her accent was mimicked by a group of officers. She was also compared to a suspect with similar skin colour, and one of the dismissed PCs made a derogatory comment about her hair.
PC Y was supported and kept updated throughout the investigation, GMP assured, as well as providing evidence at the hearing.
The misconduct hearing lasted just over two weeks, with the panel concluding that the officers breached the Standards of Professional Behaviour relating to Equality and Diversity, Authority, Respect, and Courtesy.
The six officers who have been dismissed are PC Demi Green, PC Heena Rani, PC Lucy Granby, PC Matthew Barlow, PC Matthew Hill, and PC Mohammed Abid, while the former officers who were found to have committed gross misconduct are PC Jake Holt, and former Officer A – who has been granted anonymity.
The panel also found that Sergeant Adrian Bick’s actions amounted to misconduct, as there was no breach of the standard of equality and diversity.
As a result, the six serving officers have been sacked without notice, while the two former officers would have been dismissed had they not already left the force, and Sergeant Bick was issued a written warning.
“No officer or member of staff should have to come to work and experience discriminatory behaviour from the people they serve alongside,” declared Deputy Chief Constable, Terry Woods.
“Everyone has the right to feel respected, valued and part of the same team with a shared commitment to serving our communities and keeping people safe.”