The post Elon Musk’s Tesla seeks to enter UK energy market appeared on BitcoinEthereumNews.com.

Elon Musk’s Tesla plans to enter the UK household energy market soon, challenging major providers like Octopus Energy and British Gas. Official documents show that on July 25, Tesla submitted an application to the UK energy regulator, Ofgem. According to Telegraph, the company requested permission to supply electricity to domestic customers. The filing, signed by Andrew Payne signals a notable step forward in the company’s expansion plans. If approved, “Tesla Electric” could begin serving customers as soon as next year. The new service is expected to work hand in hand with Tesla’s existing products, such as its electric vehicles and Powerwall battery units, with the goal of cutting household power expenses. Tesla already operates a comparable program in Texas, where customers can benefit from cheaper charging rates for their cars and earn payments for sending unused solar-generated or battery-stored electricity back to the grid. Reports from 2023 indicated Tesla’s intent to enter the home energy market, alongside recruitment campaigns for policy and operational roles. With tens of thousands of Powerwall batteries already installed in Britain, devices that can store energy from solar panels or off-peak charging, Tesla holds an infrastructure advantage. Moreover, Tesla offers residential EV charging equipment and has over 250,000 cars on UK roads. This network could be key to rolling out “vehicle-to-home” systems, where a car’s battery can supply power to the household. Several other providers are trialling this type of technology, which Tesla could incorporate. Tesla is also active in wholesale energy trading, using large-scale battery facilities and its Autobidder platform to buy and sell stored power. The company has held an Ofgem generation licence since 2020. Even so, the brand faces headwinds. UK sales of Tesla’s electric cars have dropped sharply, with July showing a 60% year-on-year decline, a trend echoed in other European markets,…

---

Filed under: News - @ August 10, 2025 12:27 am