Energy regulator Ofgem confirmed on Thursday that Tesla Energy Ventures Limited, a subsidiary of Musk’s company, has been granted an electricity supply licence by the Gas and Electricity Markets Authority under the Electricity Act 1989.
As long as humanly possible, they’re not getting a penny out of me.
I say “as long as humanly possible”, because they have the money to supply electricity at a loss for several years, to undercut and then buy out all the other energy suppliers… but I’m hopeful that won’t happen.
Emsquared@piefed.social 7 hours ago
Giving the green light to this tells us a lot about Ofgem as a regulator. Let’s see how this plays out.