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."
West Yorkshire Police are urging witnesses to come forward.
The incident occurred on the evening of Monday 2 June around 8:40pm and saw a car deliberately drive into Belstaff on the outer edge of the Victoria Quarter.
The luxury brand is known for its waxed coats and leather jackets, with most selling for around £500 and some going for more than a grand.
Alongside the first car, another car was close by and saw the thieves pile expensive goods into the cars where thousands of pounds worth of items were expected to be stolen.
The West Yorkshire Police are urging witnesses to come forward.
In a statement issues yesterday, Wednesday 3 November, they said: "Detectives investigating a ram raid at a clothing shop on Vicar Lane in Leeds city centre yesterday (2 November) are appealing for witnesses.
"Officers were called at around 8.40pm last night (2 November) to reports that a Kia Ceed had deliberately driven into a clothing shop on Vicar Lane in Leeds along with another Kia Ceed being present at the time.
"It was reported to police that a number of people entered the shop and stole a large quantity of clothing.Enquiries remain ongoing by Leeds CID.
"Anyone who witnessed the incident, has any footage, or can provide information are asked to contact police via 101 or use the Live Chat facility quoting reference 13260623871. Information can always be given anonymously via Crimestoppers on 0800 555 111"
Architects secure planning permission for jaw-dropping ‘boulder house’ on Ilkley Moor
Clementine Hall
A house that looks good enough for James Bond is set to be built on Ilkley Moor.
Is that a formation of angular grey rocks sitting atop of the Yorkshire dales? No, it's a house.
The wildly contemporary structure, which has huge irregular-shaped windows and a natural outdoor pool, is based off the famous Cow and Calf Rocks in Ilkley, West Yorkshire.
It will be built just down the road from them too, on green belt land which is the garden of a home off Heber's Ghyll Drive.
Images: Shaw & Jagger Architects
It is the work of Harrogate-based architects Shaw & Jagger, who said the project was passed through the country house clause which allows things to be built on green belt for buildings of "exceptional quality".
The house itself has been named 'Fomorian', after a supernatural race of giants in Irish mythology. The name takes inspiration from the mythical giant Rombald who is said to have roamed on Ilkley Moor.
Images: Shaw & Jagger Architects
Shaw & Jagger wrote: "The design approach was to propose a scheme that is intrinsically linked to the spirit of its place. Fomorian is of its place, part of the Moors, its geology and its spirit.
"We took cues from local folklore, the surrounding rocks; ancient carvings, standing stones and escarpments that are synonymous with the landscape.
"The building depicts a series of monolithic elements embedded in the earth as the wild, dramatic environment looms around, attempting to overcome them. The building is new, yet part of this ancient landscape.
Images: Shaw & Jagger Architects
"Fomorian is to be built over the next couple of years and will provide family accommodation consisting of 4 bedrooms, kitchen, dining room, sitting room and study.
"It was important to offer the client viable outside space therefore a paved courtyard garden allows external living to be within the heart of the plan. The abstract rock forms allow the design to have exciting internal spaces with large irregular windows designed to maximise views out across the valley."
The Hoot -
26th August 2022 
