LONDON: Tesla Energy Ventures Limited has been granted a licence authorising it to supply electricity to domestic and non-domestic consumers in Great Britain.
Ofgem confirmed today (Thursday 12th March) that the licence has been formally approved by its governing body, the Gas and Electricity Markets Authority, under section 6(1)(d) of the Electricity Act 1989.
It follows a robust application, assessment and approval process conducted over seven months, from July 2025 to March 2026, in line with statutory requirements.
The licence took effect at 1800hrs on Wednesday 11th March when the licensee was informed of this decision. The instrument has now been entered into Ofgem’s Electronic Public Register, which records all licences granted, revoked or modified and makes those instruments publicly available.
As a licensed supplier, Tesla Energy Ventures Limited must now comply with all relevant Standard Licence Conditions, including obligations concerning treating customers fairly, financial responsibility, operational capability, billing, information provision and consumer protection.
Ofgem will monitor compliance and may use its enforcement powers under the Electricity Act 1989 and the Standard Licence Conditions, including issuing directions, imposing financial penalties or modifying licence conditions where necessary.
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.
The new licence applies to electricity supply activities in Great Britain only.
Background
Ofgem is Great Britain’s independent energy regulator, accountable to Parliament. The licence for Tesla Energy Ventures has been granted solely by the Gas and Electricity Markets Authority (GEMA) under the Electricity Act 1989, Utilities Act 2000 and relevant licensing guidance.