Tesla Energy Ventures Limited has been granted a licence authorising it to supply electricity to domestic and non-domestic consumers in Great Britain.
The energy regulator Ofgem said that the licence has been formally approved by its governing body, the Gas and Electricity Markets Authority.
It follows a robust application, assessment and approval process conducted over seven months, from July 2025 to March 2026, in line with statutory requirements, Ofgem said.
Tesla Motors Limited, a separate company incorporated in England and Wales, was granted an electricity generation licence in June 2020.
This licence was not relevant to Tesla Energy Ventures Limited’s application or Ofgem’s assessment or approval.
Tesla Energy Ventures, based in Manchester, can now supply electricity to homes and businesses.
Tesla Electric, also a subsidiary of US parent company Tesla Inc – founded by entrepreneur Elon Musk (pictured) – began supplying such a service in Texas in 2022.
Tesla Energy Ventures will be required to ensure consumer protection, fair treatment of customers, financial responsibility, billing transparency and operational capability, Ofgem said.