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.”
Manchester set for its busiest weekend of the year with pop-up Park and Rides to open
Emily Sergeant
Pop-up Park and Ride facilities are set to open as Manchester prepares for what’s expected to be its busiest weekend of the year.
The festive season in the run up to Christmas always sees more people flock to the city centre than usual, but this weekend will likely be even busier than expected, as not only are Manchester Christmas Markets still in full swing, but there are also a number of gigs, live festive shows, and major sporting events coinciding with this.
So in a weekend that sees legends gigging and the Manchester Derby take place, as you would expect, thousands are predicted to flock to Manchester city centre and Etihad Campus.
Manchester Christmas Markets are in full swing and Paul McCartney will be at Co-op Live this weekend / Credit: The Manc Group | Wikimedia Commons
Because of this, Transport for Greater Manchester (TfGM) is taking action and encouraging people to dodge the likely congestion and use public transport instead where possible – with pop-up Park and Rides set to be introduced for weekend shoppers and fun-seekers who do want or need to drive.
On Saturday and Sunday, Booth Street West Car Park D (M15 6PD) – which will have 965 parking spaces available – will be free for customers travelling to the city centre by bus, and then again on Sunday, the same car park will be free for those attending Paul McCartney at Co-op Live.
Your ticket to the gig must be shown on entry, before a dedicated shuttle bus then takes you from the car park to the Etihad Campus.
Disney On Ice will be hosting four shows at AO Arena this weekend / Credit: Supplied
Shuttle buses – which are only available on the Sunday – will depart from Higher Cambridge Street and run to Co-op Live and back every 15 mins from 4pm until midnight.
Emirates Old Trafford cricket ground (Talbot Road, Stretford, M16 0PX) will also have 500 parking spaces available for Metrolink customers on Sunday, but you must show a valid pre-booked tram ticket to park there.
On Sunday [15 Dec], we’re offering free parking at Emirates Old Trafford to help relieve congestion in the city.
The Park and Ride is available to customers with a valid tram ticket purchased on the app, at a ticket machine or via contactless.
Anyone else planning to drive across the weekend may also want to consider using one of the permanent Park and Ride sites and complete their journey on foot or by public transport, and you can find more information and the locations of these sites on the Bee Network website here.
Tram capacity has been increased for the festive season, with every available tram running until 1am on Fridays and Saturdays.
The V1 and 36 bus services now also run 24 hours a day.
Other late-running buses on the Bee Network from Manchester include the 43 service to Manchester Airport, the 86 to Sale, and the 142 to East Didsbury.
Body found in search for missing Stockport postman Steven Caulfield
Emily Sergeant
A body has been found in the search for a 70-year-old former postman from Stockport who went missing a couple of months ago.
Greater Manchester Police (GMP) issued a public appeal after to help find Steven Caulfield, who was last seen in the vicinity of the golf course next to Middlewood Way, in the Marple area of Stockport, at around 4pm Tuesday 1 October, after he failed to return home from a walk.
Since Steven was reported missing, an extensive missing person investigation was launched by Stockport detectives, alongside a widespread search by specialist GMP officers, and a number of missing appeals were also published on social media and shared widely – not just in Greater Manchester, but all across the UK.
#UPDATE | At around 12pm today (Wednesday 11th December 2024), an officer sadly located a body in woodland near to Middlewood Way in Stockport.
At this time, we believe this is likely to be Steven Caulfield who went missing on Tuesday 1 October.
But sadly, at around 12pm yesterday (Wednesday 11 December 2024), a GMP officer has sadly located a body in a woodland area near to Middlewood Way in Stockport, and at this time, police believe this is likely to be the body of Steven Caulfield.
Steven’s next of kin have been made aware and are currently being supported by officers.
There are not believed to be any suspicious circumstances surrounding Steven’s death, according to GMP.
Speaking on the discovery of the body, Chief Superintendent Lewis Hughes, Stockport District Commander and GMP lead for Disaster Victim Identification, said: “Our deepest condolences remain with Steven’s family and friends, who have been devastated by this traumatic news, we have officers supporting them through this difficult time.
“It has been a challenging couple of months since the missing report came to us in GMP and our Tactical Aid Unit, Specialist Search, Canine and Underwater Units were all utilised to search for Steven in challenging conditions and locations around the Middlewood Way.
“We hope today’s discovery provides some answers for Steven’s loved ones.”
Emily Sergeant -
26th August 2022 
