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."
The Good Food Guide has just released its list of the 100 best local restaurants in Britain – and three Leeds spots have made the list.
The latest edition of the Best 100 Local Restaurants list celebrates the very best venues that are loved by their communities.
A team of reviewers and inspectors scour the country to find the best of the best, and this year three restaurants in Leeds have earned themselves a place on the numbered list.
One in particular has been included just three months after opening.
Images: The Hoot Leeds
The Smithfield opened in April taking over the old Reliance space on North Street, and it's safe to say they had very big shoes to fill.
But they have done with ease, celebrating Yorkshire produce to a crowd that are overjoyed to see the space being brought back to life.
Images: The Hoot Leeds
Here's what the Good Food Guide had to say after awarding The Smithfield with 80th place: "Opening in one of the city’s most hallowed restaurant sites was always going to invite comparison. In its day, the Reliance was a much-loved neighbourhood haunt that became the gateway drug for a generation of Leeds foodies, and a return to its burgundy paint job was a statement of intent from its new owners.
"Head chef James Donovan's CV includes Clerkenwell's Rochelle Canteen, and you don't have to do much dusting to see the Fergus and Margot Henderson's nose-to-tail fingerprints: pig's head, ox heart, hogget, and a meritocratic approach to the menu with produce leading the way – occasionally nudged along by a well-timed dollop of gribiche or a slick of bisque."
Images: The Hoot Leeds
Elsewhere on the list, it won't come as a surprise to see that the ever-so-brilliant Bavette has been crowned in 16th place. Described as a "convivial neighbourhood bistro in the northerly suburb of Horsforth" that perfectly exudes a "Franco-Yorkshire alliance".
And lastly for Leeds, the ultra-cool Empire Cafe takes spot 31 where "owners Sam Pullan and Nicole Deighton have done a grand job here, rekindling the nostalgia while making the place feel emphatically of the moment, 'high-class yet down-to-earth'."
It's a trio of great wins for Leeds' foodie scene, and you can read the full list here.
England World Cup semi-final to be shown at Leeds’ Millennium Square as giant fanzone announced
Clementine Hall
Football's coming home to Millennium Square as England take on Argentina in the World Cup semi-final.
If you're still looking for a spot to cheer on the boys in the football this Wednesday then hang fire, because Leeds City Council have got us covered.
Following the Three Lions’ triumphant victory against Norway on Saturday evening, the council have announced that Millennium Square will host a World Cup 2026 fanzone at the heart of Leeds city centre.
Supporters will have the chance to cheer on star boy Jude Bellingham and the team with all the action shown live on a high-definition giant LED screen with concert style sound, all set within a bespoke outdoor arena.
Two large bars and street food concessions will be provided on site together with toilet and drinking water facilities.
Entry is strictly by advance ticket only and is a standing only event. Gates open at 6pm with kick-off scheduled for 8pm BST with live DJ pre match entertainment.
Councillor Salma Arif, Leeds City Council’s executive member for economy said “The whole country is behind England and it’s fantastic that fans will have the chance to come together and enjoy this incredible occasion in the open air at the heart of the city centre.
"The atmosphere on Millennium Square is always a one-of-a-kind and probably the closest you can get to being there. Leeds is a city that’s always had a massive passion for sport, and I know the fans will do England proud as we cheer them on in what will hopefully be another memorable win.”
Tickets are priced at £6 per person an go on sale at 10am on Monday 13 July via www.millsqleeds.com.
The Hoot -
26th August 2022 
