LONDON, March 12 — Elon Musk’s Tesla can soon start supplying British homes with electricity after it was granted a licence today, bringing a new competitor into the market at...
An APM/LRT system for JB’s metro line is the way to go as city counts down to RTS, says international public transport expert At Joy Ho Kopitiam in Melaka, a big breakfast means curry ‘mee’, ‘char kway teow’ and a slice of pumpkin cakeElon Musk’s Tesla has been granted a licence to supply electricity to British homes, entering the market amid concerns over rising energy bills.
— Reuters file picand enjoy FREE RM10 & when you sign up using code VERSAMM10 with min. cash of RM100 today! T&Cs apply.LONDON, March 12 — Elon Musk’s Tesla can soon start supplying British homes with electricity after it was granted a licence today, bringing a new competitor into the market at a time of heightened worries over rising bills. The country’s energy regulator Ofgem said Tesla Energy Ventures, a unit of Tesla, had been approved as an electricity supplier after a process that began last July. The new licence positions Tesla, the Texas-based company owned by billionaire Musk, for expansion in Britain, where it will look to use its solar energy and battery storage business to directly compete with existing household suppliers such as Octopus Energy, British Gas and EDF. Tesla Motors Limited, another subsidiary, already has an electricity generation licence in Britain. Some owners of Tesla electric cars use a Powerwall home battery that uses solar energy to charge their vehicles, and excess supply can be sold back into the grid.Most British households are protected until July from the immediate impact of higher gas prices on heating and electricity costs due to regulated tariffs, but the government will come under pressure to provide support if the conflict lasts beyond that period. Sales of Tesla vehicles in Britain have been in decline in recent years — they fell 8.9 per cent year-on-year in 2025 — amid competition from cheaper Chinese brands and a consumer backlash against Musk’s political outlook. — Reuters
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