Tesla Electric is preparing to expand in the UK
LONDON -
According to a new job posting, Tesla Electric, Tesla’s new electric utility division, is preparing to expand in the United Kingdom.
Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.”
Instead of reacting to specific “events” and providing services to your local electric utilities, as Tesla Powerwall owners have done in VPPs in California, Tesla Electric is actively and automatically buying and selling electricity for Tesla Powerwall owners – providing a buffer against peak prices.
The company is essentially becoming an energy retailer.
Tesla Electric is currently only available to Powerwall owners in Texas, but the company has plans to expand its products through this new division.
We recently reported on Tesla Electric customers in Texas making as much as $150 a day selling electricity to the grid.
Now Tesla is looking to expand Tesla Electric to the UK.
The company has listed a new job posting for a role called “Head of Operations, Tesla Electric – Retail Energy.”
This has been in the works for a while now. Tesla used to have a partnership with Octopus Energy in the UK for special electricity rates for its owners, but it seemed to be a stepping stone before it would itself become an energy provider in the market.
In 2020, Tesla was officially approved as an electricity retailer in the UK. Now it looks like Tesla is going to use this approval with the launch of Tesla Electric.
Related News
Hydro-Québec will refund a total of $535 million to customers who were account holders in 2018 or 2019
MONTREAL - Following the adoption of Bill 34 in December 2019, a total amount of $535 million will be refunded to customers who were Hydro-Québec account holders in 2018 or 2019. This amount was accumulated in variance accounts required under the previous rate system between January 1, 2018, and December 31, 2019.
If you are still a Hydro-Québec customer, a credit will be applied to your bill in the coming weeks. The amount will be indicated on your bill.
An average refund amount of $60. The refund amount is calculated based on the quantity of electricity that each customer consumed in 2018…
