Tesla Energy Ventures Approved for UK Power Supply

Tesla Energy Ventures, a subsidiary of Elon Musk's Tesla, has received approval from the UK energy regulator Ofgem to supply electricity to households and businesses across Great Britain, effective March 11, 2026. The license, granted under the Electricity Act 1989, allows the company to enter the retail energy market after a seven-month review process that began in July 2025.

The approval followed a comprehensive assessment by Ofgem to ensure the company could operate safely, reliably, and in compliance with regulatory standards. It covers both domestic and non-domestic customers in England, Wales, and Scotland, positioning Tesla as a direct competitor to established suppliers such as Octopus Energy, British Gas, and EDF. As a licensed supplier, Tesla Energy Ventures must adhere to strict conditions, including fair treatment of customers, transparent billing, financial resilience, and operational capabilities. Ofgem officials emphasized that failure to meet these obligations could result in penalties, license modifications, or revocation.

This development builds on Tesla's existing presence in the UK energy sector. In June 2020, a separate subsidiary, Tesla Motors Limited,...