The energy price cap is to be a hiked by a record 80% from October to £3,549 a year, Ofgem has confirmed this morning.
As the rising cost of living crisis worsens and continues to make its impact felt nationwide, and after inflation hit another new 40-year UK high of 10.1% earlier this month, millions of households across the UK on a typical default tariff are set pay an extra £1,578 on their energy bills in as the price cap is raised from 1 October 2022.
It follows an already 54% increase in April, which saw average bills surge to £1,971 a year, and comes ahead of the predicted tripling of average bills in April 2023.
Around 24 million UK households are expected to be affected by the price spike.
The new price cap level is based on “a transparent methodology and calculations” by energy price regulator Ofgem.
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The price cap puts a maximum per unit price on energy that reflects what it costs to buy energy on the wholesale market and supply it to our homes, and it also sets a strict and modest profit rate that suppliers can make from domestic energy sales – but, unlike energy producers and extractors, most domestic suppliers are currently not making a profit, according to Ofgem.
📣The energy #PriceCap is changing and this could affect you
Record high global gas prices mean on Saturday 1 October the energy price cap will rise to an average of £3549 per year
Ofgem says the price cap increase reflects the “continued rise in global wholesale gas prices” – which began surging post-lockdown and have been driven to record levels by Russia slowly switching off gas supplies to Europe.
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The confirmed energy price cap rise also comes as Ofgem’s CEO warns of the hardship energy prices will cause this winter and urges the incoming Prime Minister and new cabinet to provide “an additional and urgent response” to continued surging energy prices.
“We know the massive impact this price cap increase will have on households across Britain and the difficult decisions consumers will now have to make,” said Jonathan Brearley – CEO of Ofgem.
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“I talk to customers regularly and I know that today’s news will be very worrying for many.
“The price of energy has reached record levels driven by an aggressive economic act by the Russian state. They have slowly and deliberately turned off the gas supplies to Europe causing harm to our households, businesses and wider economy [and] Ofgem has no choice but to reflect these cost increases in the price cap.
Ofgem raises energy price cap to £3,549 from October / Credit: Pxhere
“The government support package is delivering help right now, but it’s clear the new Prime Minister will need to act further to tackle the impact of the price rises that are coming in October and next year.
“We are working with ministers, consumer groups and industry on a set of options for the incoming Prime Minister that will require urgent action [but] the response will need to match the scale of the crisis we have before us.
“With the right support in place and with regulator, government, industry and consumers working together, we can find a way through this.”
Tributes pour in as former Rochdale and Bury midfielder Joe Thompson dies at just 36
Danny Jones
Awful news to share with you this bank holiday, as former Rochdale and Bury FC midfielderJoe Thompson has sadly passed away. He was just 36 years old.
Born in Bath, he spent time at both Man United and Rochdale’s academies before representing the first team, as well as representing fellow Greater Manchester club Bury and other teams in the North West – a region where he built a life with his partner and his two kids.
The ex-pro ultimately had to retire from football following a long battle with cancer, having been given the all clear from stage four lymphoma (a type of blood cancer) twice before during his playing days, before tragically receiving a heartbreaking third diagnosis last April.
News of his death broke on Good Friday, 18 April, having “passed away in the early hours of Thursday morning”. His wife Chantelle and eldest daughter Thailula shared a lengthy and heartbreaking statement on social media.
Confirming that he passed surrounded by his family, they wrote: “Joe has made such an impact on so many people and we are all forever grateful for him blessing us with his presence and for being so strong and staying with us as long as he did against all the odds.
“He was the most Incredible husband, son, brother, friend and father to our beautiful daughters, who will now carry his light and legacy on, and I will continue to keep filling them up with Joe’s love every single day […] I know he will be deeply missed by everyone and the world will not be the same without his contagious energy.”
Addressing their followers directly, who have been unwavering in their support for Joe and his family over recent years, The Thompsons went on to add: “Long may his legacy and impact live on! Thank you to everyone who has been a part of this journey with us… We are all forever grateful.”
They also announced that his funeral will be an open service to allow others inspired by his story, charity work, from his Dale days saving the club from relegation and more to pay their respects, with more details to follow soon.
Countless figures from around the footballing world have joined the likes of the Red Devils and his other former clubs in paying touching tributes to the inspiring individual.
A man who epitomised our club's values ❤️
We are saddened to share that Joe Thompson has passed away.
A warm personality who had a deep connection with our club from a young age, our thoughts are with Joe's family and friends at this difficult time. pic.twitter.com/40ddQpyRTi
Very sad news, to battle cancer once is extremely brave but to battle it three times is not just brave but you need a strong mindset and obviously Joe had that to keep fighting. Thoughts with Joe’s family and friends.
Joe and his family were friends with our very own Amy here at The Manc, so it goes without saying that we offer our deepest condolences to his family, friends and everyone whose lives he touched – our thoughts are with all of them at this difficult time.
She said: “To one of the most incredible men I have ever met – Joe it was an unbelievable honour to have known you, you were the light in any room, and I can’t believe we have to carry on in this world without you.
“To the guy with the best laugh and best waves, you will forever be missed.”
There’s a farm in Greater Manchester where you can meet Lilo and Stitch
Thomas Melia
Any fans of the Disney classic Lilo and Stitch are in luck because there’s a farm in Greater Manchester which is hosting a special meet and greet event.
Who doesn’t love a sci-fi comedy drama film, especially one where the lead character’s sidekick is none other than the adorable little blue experiment with a voice we still imitate to this day?
Originally released in 2002, the Lilo and Stitch film is receiving a live-action version in 2025 and we’re sure to fall in love with Lilo and her little blue fur ball pal over again, 23 years later.
Ahead of the new live adaptation, Cockfields Farm in Greater Manchester is hosting a meet and greet event dedicated to this huge Disney film.
This is the perfect opportunity for little ones and grown-ups alike to come and meet two of their favourite Disney characters while also getting a chance to venture around the farmland as well.
As the event is taking place at a farm, this means that the Lilo and Stitch experience won’t be the only event guests will be able to take part in; there’s also a handful of fun farm-based activities to try your hand at too.
There are tractor rides, a giant bouncy pillow and a carousel running all throughout the day for any kids looking to let off some steam.
And those after a quieter and less energetic itinerary can head on over to the cuddling corner, feed meerkats and handle some reptiles too, this farm is catering for all.
With the meet and greet experience occurring during May, meaning more chance of that gorgeous sunshine, anyone attending is also advised to come dressed in their ‘Hawaiian best’.
Lilo and Stitch are coming for a special meet and greet at Cockfields Farm in Ashton-under-Lyne on 17 and 18 May, with tickets already live HERE.