March 12, 2026 — London — Tesla Energy Ventures Ltd., a subsidiary of Tesla, has been granted an electricity supply licence by Ofgem, the UK energy regulator, to supply electricity to domestic and non-domestic customers across England, Scotland, and Wales. The approval came after a seven-month regulatory review following the company’s application in July 2025.
Tesla Energy Ventures’ entry into the UK retail electricity market expands the company’s energy business, with potential integration of products like Powerwall batteries and Virtual Power Plants. Multiple news outlets reported the development on March 12, 2026, including Electrek, which detailed the licence for direct supply to UK households and businesses.
Regulatory Process
The application process began with Ofgem’s notice on July 25, 2025. Teslarati highlighted the seven-month review, while the Financial Times noted Ofgem’s robust assessment before approval. No direct Ofgem grant announcement was published, with coverage based on secondary reporting.
Yahoo Finance UK, citing Reuters, stated Tesla can soon supply electricity to British homes, marking expansion into a new market.
Coverage and Confirmation
The Wall Street Journal confirmed the licence covers England, Scotland, and Wales. The Telegraph reported Tesla will start selling energy to British households.
Bloomberg mentioned a prior generation licence for a related Tesla entity.
The story gained attention via an X post referencing the development, linked to GB News coverage.