March 12, 2026 — London — Tesla granted electricity supply license in Great Britain. Tesla Energy Ventures Limited received approval from Ofgem, the UK energy regulator, to supply electricity to domestic and non-domestic customers across England, Scotland, and Wales under the Electricity Act 1989.
The licence took effect on March 11, 2026, following a seven-month application and assessment process that began in July 2025. Ofgem conducted a full review, including compliance with standard licence conditions on consumer protection, financial resilience, billing transparency, and fair treatment.
Approval Process and Scope
Tesla Energy Ventures Limited, a subsidiary of Tesla Inc., was authorized to operate as an electricity supplier in Great Britain. The regulator emphasized ongoing monitoring and potential enforcement actions for non-compliance. Tesla granted electricity supply license in Great Britain. Tesla has received approval from Ofgem to supply electricity to homes and businesses across England, Scotland, and Wales. This move expands Tesla’s energy business into a new market, potentially increasing revenue from its energy division, as noted in social media discussions.
Tesla previously secured an electricity generation licence in 2020 through Tesla Motors Limited. The company has partnered with suppliers like Octopus Energy for virtual power plants and energy plans in the UK.
Media Coverage and Context
Major outlets reported the development. Reuters highlighted Tesla’s entry amid rising energy bills. Electrek detailed plans to replicate its Texas retail model using renewables, Powerwalls, and Autobidder AI. Tesla granted electricity supply license in Great Britain. Tesla has received approval from Ofgem to supply electricity to homes and businesses across England, Scotland, and Wales. This move expands Tesla’s energy business into a new market, potentially increasing revenue from its energy division.
The Financial Times and Wall Street Journal noted potential disruption to the retail sector. Coverage from Teslarati and OilPrice.com affirmed the expansion.
Public and Social Reaction
The news sparked discussion on X, with posts supporting increased competition and others raising concerns over Elon Musk’s influence. Tesla granted electricity supply license in Great Britain. Tesla has received approval from Ofgem to supply electricity to homes and businesses across England, Scotland, and Wales. This move expands Tesla’s energy business into a new market, potentially increasing revenue from its energy division.
Ofgem’s decision positions Tesla to compete with British Gas, EDF, and Octopus Energy in the deregulated market. For more, see Ofgem’s register or related coverage.