Millions of drivers have to pay £520 to keep car on road from next week

Millions of drivers are set to pay £10 extra EVERY week just to use their cars after a major price shakeup. Drivers, motorists and road users could be forced to fork out £10 extra a week - or £520 a year - to charge their cars under the new energy price cap.

Millions of EV drivers could be left paying more for charging from next week. While still significantly cheaper than public charging, experts suggest that the price of fully charging an EV at home is set to rise from £13.41 to £14.70.

This could leave drivers paying as much as £10 more each week to charge their cars from October 1 - working out to £520 a year. Aidan Rushby, founder and CEO of Carmoola said: “Ofgem's price cap has a very real effect on the lives of households across the UK, especially as we approach winter and energy consumption rises.

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"To save money, we'd suggest that EV drivers aim to charge their cars at home whenever possible and explore whether their energy providers offer off-peak tariffs to help reduce charging costs by topping up at these cheaper times."

How much you're actually charged will depend on how much energy you use; so those who use more, will pay more. The price cap limits the amount an energy supplier can charge for units of gas and electricity. It also impacts the standing charge which is the daily cost per fuel type and is set by Ofgem.

The price cap is often communicated as an annual figure based on the ‘typical consumption’ of a dual-fuel household that pays for their energy bills by direct debit. Ofgem (the energy regulator) has announced the energy price cap will rise around 10% for a typical home from October 1 to December 31, due to the global cost of energy.