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.