Drivers must charge their electric cars before midnight (Image: Getty)
Motorists are being warned they must charge their by midnight tonight to save money.
From October 1, will rise 10 percent which will have a major impact on the cost of electricity.
The price cap will now be set at £1,717 per year, up from the current rate of £1,568.
According to experts at , this rise will have a sizeable impact on those with an electric vehicle on their driveway.
Specialists have will jump from £13.41 to £14.70.
The energy price cap is updated from October 1 (Image: Getty)
Charging a car before midnight tonight will make sure for the final time.
This £1.29 rise sounds harmless but this will rapidly add up with motorists charging their EV machines around twice per week on average.
Charging a car on two separate occasions would see drivers pay £3.58 extra every seven days.
This would add up to over £12 more per month or a staggering £134.16 over the course of a whole year.
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Carmoola explained: “With around 1.2 million EVs on UK roads, and the average car using 108kWh of energy per month, this small increase will amount to an additional £2.78 million in total energy costs by UK motorists in October alone!
“This totals a staggering £33.36 million extra spent on car changing in UK households across a year.”
It’s not only owners of fully electric models that are set to feel the sting with those holding the keys to hybrid vehicles also affected.
These vehicles will “experience a smaller, but still noticeable, price increase” every time they charge their models.
On average, these owners will pay an extra 30p per top-up with prices rising from around £3.13 to £3.43.
However, this will still lead to around a £31.20 increase if motorists charge up their hybrid car at least twice every week.
Carmoola added: “While this increase is undoubtedly significant, it’s important to note that home charging will remain much cheaper than using public charging stations.
“Currently, public charging points charge an average of 56p/kWh – nearly double the anticipated 24.50p/kWh rate for home charging after the price cap increase.”