Electric vehicle owners have been handed a major lifeline amid mass uncertainty around energy prices in response to the conflict across the Middle East.
Tensions in the Middle East have contributed to soaring oil and gas prices in recent weeks after the United States and Israel launched missile strikes against Iran.
Iran has launched retaliatory strikes against most Middle Eastern neighbours, and remains insistent on fighting back against the US and Israel following the killing of its Supreme Leader, Ayatollah Ali Khamenei.
To help drivers deal with fluctuating prices amid a "volatile wholesale market", E.ON Next confirmed that it would offer electric vehicle owners "peace of mind".
The energy firm has repriced its electric vehicle tariffs, ensuring that homeowners with EVs continue to benefit from long and cheap off-peak windows.
Customers will still be able to use their home chargers overnight to charge their electric vehicles, with new prices being introduced.
Drivers on the Next Drive Smart tariff can save £117 per year, while those on the Next Drive Fixed v17 can save £59.
These savings can be realised with the off-peak charging rates every year compared to charging on the energy price cap.
Homeowners with electric vehicles are being protected from uncertainty around energy prices
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Next Drive Smart v5.9
Off-peak (12am–6am): 8.5p/kWh
Day rate (6am-12am): 30.87p/kWh
Next Drive Fixed v17
Off-peak (12am-6am): 9.5p/kWh
Day rate (6am-12am): 32.37p/kWh
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E.ON has confirmed that it will extend its off-peak charging tariffs
|E.ON
Motorists who sign up to Next Drive Smart or Next Drive Fixed could also benefit from additional extras, including no exit fees on the tariff.
Drivers will also benefit from a free year of Zoom EV, allowing them to access discounts on public charging, parking and car hire.
A new energy price cap will be introduced next month, which will be set at £1,641 a year between April 1 and June 30, 2026.
This is a huge decrease of 6.6 per cent compared to the previous cap of £1,758, which remains in place between January and the end of March this year.
The new energy price cap has been set at £1,641 between April 1 and June 30
| PAThe cap applies to households that use electricity and gas, and pay by Direct Debit, standard credit, prepayment meter or E7 meter.
Drivers will see costs fall from 27.69p per kWh to just 24.67p per kWh, although the daily standing charge will increase from 54.75p to 57.21p.
Tim Jarvis, director general of markets at Ofgem, described the new price cap as being "welcome news" for households, adding that the Chancellor had helped make changes to policies in the Budget.
"More households are choosing time‑of‑use tariffs that offer cheaper off‑peak rates, and suppliers are offering a wider range of products, including deals with savings at evenings or weekends," Mr Jarvis added.