Tesla Energy Ventures Ltd tariffs, prices, reviews and other information
Find out about Tesla Energy Ventures Ltd and what its entry into the UK energy market as a new supplier might mean here.
About Tesla Energy Ventures Ltd
While Tesla is mainly known as a manufacturer of electric cars, it has now been approved as a UK energy supplier. Its application was made at the end of July 2025 and Ofgem approved it in March 2026.
Why has Tesla applied to become a UK electricity supplier?
Tesla does already supply energy to customers in the United States, so it has experience operating in the consumer energy market. In Texas, customers with Tesla EVs can charge their cars cheaply and get money back for selling excess electricity generated stored in its home batteries.
There are more than 250,000 Tesla EVs and thousands of home storage batteries in the UK, so the company could potentially already access hundreds of thousands of customers in the same way that it does in the US. It’s worth noting that customers in Texas do not have to own Tesla products to get Tesla-supplied electricity.
Additionally, sales of Tesla EVs across Europe have declined by about 45% over the summer of 2025, so expanding into electricity supply could be an important new revenue arm for the business.
Should I get a Tesla energy deal?
It’s difficult to provide specific recommendations until Tesla actually begins operating and publishes details of its energy deals. However:
Who might consider a Tesla energy deal?
Tesla’s application specifies “non-domestic and domestic premises” in “Great Britain” which covers England, Scotland and Wales. While it may not end up covering all those areas, it suggests that homes and businesses across those countries will be able to potentially become Tesla energy customers.
It seems likely that customers who also own Tesla products like electric vehicles, home chargers or storage batteries would benefit from having electricity supplied by Tesla as well.
Who might be unsuitable for a Tesla energy deal?
Tesla will be an electricity-only supplier, so it won’t supply gas. This would rule out customers on dual fuel energy deals, although those who use gas could get two single fuel deals to allow them to get their electricity from Tesla.
Tesla may not supply energy to customers who don’t also use Tesla products though, as noted above, this isn’t the case in the US.
When will Tesla launch as a UK energy supplier?
It's currently unknown, but now that its application has been approved by Ofgem, it could launch later in 2026.
Could I get business energy from Tesla?
Potentially, yes - the license application covers business premises.
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