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Ofgem Approves Tesla to Supply Low-Cost Energy in UK

3/12/2026

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Story summary
  • Ofgem approved Tesla, Inc. to supply electricity to households and businesses in Great Britain, enabling expansion of its energy operations with a Texas-style, low-cost sustainable electricity model.
  • Tesla cannot provide dual fuel contracts under this license.
  • In the UK, Tesla's EV sales dropped 37% in February versus last year, partly due to backlash against Elon Musk, CEO of Tesla, Inc.
  • Its UK market share is 1.34%, behind BYD and BMW.