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.
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.
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.
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.
“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.
“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.”
“The offender then made off on foot, leaving two women and a man he was with, behind.
“Officers believe that the suspect is possibly from the Merseyside area. If you know the man or have any information relating to the crime, please contact GMP on 101, quoting reference number INC/0075491/23.
“Alternatively, information can be passed anonymously to the independent charity – Crimestoppers – on 0800 555 111.”
Featured image: GMP
Salford police officer sacked for ‘depraved’ relationship with vulnerable woman
A police officer has been sacked after carrying out an ‘improper relationship’ with a crime victim.
Paul Banks, who worked as a PC in Salford, has been dismissed and barred after a Gross Misconduct Hearing on 24 and 25 January 2023.
In the hearing, a panel heard how Banks had advised a vulnerable woman to create an email account – which he then accessed to view images and videos, some of which were explicit, that she had uploaded.
He viewed the content more than 200 times and never reported them to his manager or the force’s Professional Standards Branch.
In the end, his own colleagues sensed that something was amiss and raised the alarm.
GMP has now slammed Banks’s ‘depraved behaviour’ and stressed that ‘there will never be a place in GMP for anybody who behaves like him’.
A statement also said that he ‘abused his position of trust’.
Detective Chief Superintendent Michael Allen, head of GMP’s Professional Standards Branch, said: “Banks knew full well that his conduct was egregiously wrong.
“By cultivating an improper relationship with a vulnerable member of the public who he met in the course of his policing duties, the officer has been deservedly sacked from GMP.
“Not only has he disgraced himself, but his depraved behaviour dishonours policing and undermines the principled endeavours of his colleagues, who everyday do a valiant job catching criminals and protecting our communities.
“Indeed, it was Banks’ own colleagues who sensed something was amiss and triggered the first step in a process that rooted him out.
“The prudence of his colleagues is to be commended and I am grateful to the IOPC for conducting an investigation that left no stone unturned.
“No decent member of the police service wants to work with the likes of Banks and there will never be a place in GMP for anybody who behaves like him.
“He abused his position of trust and for that the Office of Constable has been rightly stripped from him.
“GMP is a better force without Banks and we will recruit a new officer into his post who will discharge their duties with honour and espouse the professional and compassionate values of the GMP workforce.”
Banks, who had been on restricted since the investigation began in December 2020, was dismissed without notice.