The 12 albums to make it on to the coveted Nationwide Mercury Prize shortlist will be unveiled today.
The overall winner will be announced at an awards show on September 4.
Albums in the running for this year must have been released between July 18, 2006 and July 9, 2007. All musical genres are eligible.
Last year saw indie prodigies Arctic Monkeys walk off with the gong.
The Sheffield band were favourites to win the £20,000 award for their massively successful debut album Whatever People Say I Am, That’s What I’m Not.
The judges described that debut album as “great songs, astonishingly performed. Essential”.
But it still came as a surprise because Mercury judges are notorious for confounding public expectations.
The shocked band said the prize should have gone to fellow Sheffield nominee Richard Hawley.
On receiving their prize, they joked: “Somebody call 999. Richard Hawley’s been robbed.”
The prize has been running since 1992 and past winners have included Primal Scream, Suede, Pulp, Ms Dynamite and Franz Ferdinand.