Tesla eyes UK electricity license

Tesla seeks a UK electricity supplier license as it faces a Europe wide drop in EV demand and expands into energy services.

Tesla pursues uk electricity license as car maker shifts into energy services

Tesla Energy Ventures has filed for an electricity supplier license with Ofgem at the end of last month, a move that could let the company supply power to British homes and businesses as early as next year. The application was signed by Andrew Payne, who runs Tesla energy operations in Europe, and follows Tesla Electric, the Texas based service that pays customers for selling excess energy back to the grid. The filing places Tesla alongside established utilities in a wider push to blend car making with energy generation and storage.

The license bid signals a broader ambition to turn energy into a second pillar for the company beyond its electric vehicles. If Ofgem approves, Tesla would compete with incumbents in a market long shaped by scale and regulation. Regulators would weigh consumer protections, pricing fairness, and grid reliability as new players enter. The move also tests how far a tech led model can reshape energy supply in a country known for strong consumer oversight.

Highlights

A new phase of competition is taking shape in the energy market as automakers nudge beyond the showroom.