US EditionElon Musk’s Tesla launches bid to supply electricity to British households
UNITED KINGDOM, AUG 11 – Tesla aims to integrate Powerwall batteries and electric vehicles to provide coordinated energy management and compete with major UK suppliers, leveraging over 250,000 EVs sold locally.
- On July 25, Tesla Energy Ventures, the company’s energy subsidiary, applied to Ofgem from Manchester for an electricity supply licence.
- Last month, Tesla’s UK new car registrations plunged nearly 60% to 987 units, prompting diversification plans amid declining auto revenue.
- Building on its Texas operations, Tesla will link Powerwall batteries and EVs to manage UK household energy, leveraging Tesla Electric’s supply since 2022 and offering low-cost charging.
- As soon as next year, Tesla may serve households in England, Scotland and Wales if approved by Ofgem, challenging incumbents like Centrica and Octopus Energy.
- Amid regulatory timelines, Ofgem’s nine-month review window governs the launch pace, and if approved by Ofgem, Tesla could begin supplying households in the UK.
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The U.S. manufacturer filed an application for a licence to supply electricity to households and companies in the United Kingdom. If it is validated, Tesla could compete in 2026 with major UK energy suppliers, both private and professional.
Elon Musk's company will apply for a license to sell electricity to homes and businesses in England, Scotland and Wales, a move that could launch its Tesla Electric brand in 2026.
·Madrid, Spain
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Elon Musk's Tesla wants a slice of UK energy market and could supply homes in months - Daily Star
The billionaire tycoon has applied for a licence from Ofgem in a bid to take on the leading energy supply giants like British Gas owner Centrica and Octopus Energy to supply homes across the UK
·United Kingdom
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Total News Sources76
Leaning Left6Leaning Right7Center18Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 19%
C 58%
R 23%
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