Around 24 million UK households are expected to be affected.
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, reports The Manc.
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.
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."
US pop star Conan Gray and BRIT award winner Jacob Alon join the line-up for Lewis Capaldi's headline date at Roundhay Festival.
Leeds' Roundhay Park is welcoming back live music to its grounds this summer for two outdoor gigs headlined by Lewis Capaldi and Pitbull titled Roundhay Festival, with special guests slowly being announced.
Gray is recognised for standout tracks like 'Heather' and 'Maniac' while Alon has built a cult following of fans around their indie tunes like 'Fairy in a Bottle' as well as 'Liquid Gold 25'.
Jacob Alon has been showing off their artistry within the indie music scene thanks to their 2025 LP In Limerence catching the attention of many in the process.
This album has gone onto attract widespread love from music listeners and even industry professionals bagging themselves their first-ever BRIT award nomination and win - The Critics' Choice award.
Conan Gray AND Jacob Alon join Lewis Capaldi's Roundhay Festival line-up / Credit: Supplied via Press Shots
Conan Gray started out covering other artists hits before creating some of his own and releasing debut studio album Kid Krow back in 2020.
The project has production credits shared between Gray and Dan Nigro, Grammy-winning producer who has worked with Chappell Roan, Olivia Rodrigo, Lorde and more.
It's always exciting hearing updates like these, but this one is even more impressive as it's not just one stellar act joining the Roundhay Festival line-up but two, with further acts to be announced.
The almost 70,000 crowd who are heading down to Roundhay Festival when Lewis Capaldi makes his way to Leeds next summer are going to be blessed with some phenomenal live music.
This year marks American Express Presents Roundhay Festival first year with two star-studded dates fronted by powerhouse performers with the second show fronted by Pitbull and special guest Kesha.
These events have been organised with Leeds City Council and are expected to bring benefits to the local area by employing local suppliers, staff and boost spending on accommodation, food and entertainment.
Conan Gray and Jacob Alon will play alongside Lewis Capaldi at Roundhay Festival in Leeds on Saturday 4 July 2026 with tickets available HERE.
Award-winning vintage retailer announces new store in Leeds city centre
Clementine Hall
Popular vintage store brand Glass Onion is returning to Leeds with a brand-new permanent site.
Following the huge success of its temporary pop up shop in Leeds Trinity, Glass Onion is coming back with a bang and expanding into a larger, two-floor space in Leeds city centre.
They'll be taking over the old Levi's jeans unit on Lands Lane and will be opening on Wednesday 18 March, so we really don't have long to wait.
Customers can shop Leeds' best collection of sustainable vintage clothing with every piece hand selected for store at their Yorkshire HQ.
Images: The Sheff
Shop from an expertly curated mix of all your vintage favourites, including Y2K, techwear, workwear, sportswear, boho, and loads more.
The store will also feature big-name brands like The North Face, Nike, Levi’s, Adidas, and Harley Davidson, along with an exclusive Rare Archive section - home to some of Glass Onion’s rarest vintage finds.
Glass Onion’s journey began in 2005, when founder John started selling vintage clothing out of his grandma’s coal shed in Barnsley. They opened their first retail store in Sheffield in 2019, quickly becoming a local favourite and their commitment to quality and sustainability has earned them “Best Indie Retailer in Sheffield” and “Best Vintage Retailer in Sheffield” at the Exposed Magazine Awards for three consecutive years.
To celebrate the exciting launch, Glass Onion are offering free VIP tickets where shoppers will be treated to first entry as well as freebies and vouchers from Leeds indies and entry into a competition to win a £100 Glass Onion voucher to spend on the launch day.
The Hoot -
26th August 2022 
