Tesla Secures Ofgem License to Supply Electricity Nationwide in Britain
Tesla has obtained approval from the U.K. energy regulator Ofgem to supply electricity directly to homes and businesses nationwide through its subsidiary Tesla Energy Ventures Limited. The licence, approved after months of regulatory review, subjects Tesla to consumer protection rules, market norms and enforcement measures alongside other licensed power providers.
1. Ofgem Approval for Supply License
Tesla Energy Ventures Limited received Ofgem approval after months of investigation, granting the company a licence to supply electricity directly to homes and businesses across Britain.
2. Regulatory Requirements and License Terms
Under the licence, Tesla must comply with consumer protection rules, established market norms and enforcement measures equivalent to those imposed on existing licensed power suppliers.
3. Energy Business Expansion
This approval enhances Tesla’s energy infrastructure strategy in the U.K., complementing its solar installations, battery storage offerings and grid services to broaden revenue streams beyond electric vehicles.