"The energy regulator, Ofgem, has formally granted Tesla an electricity supply licence, enabling it to provide electricity to domestic and business premises in England, Scotland and Wales. The company is expected to replicate its supply business in Texas, where it is branded as Tesla Electric and offers to help customers power your home, electric vehicle and community with low-cost sustainable electricity."
"In Texas the company already operates a virtual power plant that allows Tesla owners to charge their cars cheaply and then pays them for selling electricity stored in its Powerwall home batteries back to the grid. In Britain the virtual power plant for Powerwall owners is offered through Octopus Energy, another household energy supplier."
"Tesla's UK sales fell 37% from 3,852 to 2,422 in February compared with the same period last year, according to the latest figures from the Society of Motor Manufacturers and Traders. It estimated that Tesla's market share in the UK stands at 1.34% in the year to date, below its Chinese rival BYD at 2.64% and BMW at 5.43%."
Tesla has obtained an electricity supply licence from Ofgem, enabling it to provide electricity to domestic and business customers in England, Scotland, and Wales. The licence allows Tesla to replicate its Texas-based Tesla Electric business model, offering low-cost sustainable electricity. However, the licence restricts Tesla to electricity-only supply, preventing dual fuel contracts with gas. Tesla operates a virtual power plant in Texas where owners charge vehicles cheaply and earn money by selling stored Powerwall battery electricity back to the grid. In Britain, this virtual power plant service is offered through Octopus Energy. Tesla has sold over 250,000 electric vehicles in Britain but faces declining sales due to increased competition and controversy surrounding Musk's political involvement.
Read at www.theguardian.com
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