Elon Musk’s Tesla set to start supplying UK homes with electricity
- by Independent
- Mar 12, 2026
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Thursday 12 March 2026 13:24 GMT
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Elon Muskâs Tesla could soon be powering homes in the UK after the company was given the green light to launch a household energy supplier in Britain.
The decision to grant the companyâs subsidiary, Tesla Energy Ventures, a licence introduces a potentially significant new competitor into the UK energy market, arriving at a time when concerns over escalating utility bills are particularly acute.
Several smaller energy firms in the UK have gone bust over the past few years, as rising wholesale costs clashed with the energy price cap and left them unable to bridge that gap.
open image in gallery
The decision to grant the licence comes despite energy secretary Ed Milibandâs criticism of Tesla owner Elon Musk
(AFP/Getty)
The arrival of a new player in the arena should, in theory, be a boost to British households as greater competition can lead to better tariffs being on offer.
However, unlike some energy firms, Tesla will not be offering dual tariffs as it does not have licences to distribute gas, only electricity.
In the UK, the present âbig sixâ suppliers in order of size according to Uswitch are: Octopus Energy, British Gas, E.ON Next, Ovo Energy, EDF Energy and Scottish Power.
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