Tesla once again makes headlines. This time not with a new vehicle or an ambitious space project, but with a push into the British energy market.
• Tesla applied for a license to sell electricity from the regulatory authority in July
• More than 8,000 British submitted objections to the project
• Politicians warn of national security risks and Musk’s polarizing role
Tesla’s application for supervision
In July, Tesla Energy Ventures submitted an application to the British regulatory authority to be able to act as electricity providers in England, Scotland and Wales. Techradar explains that Great Britain is a key market for Tesla to further expand its own energy business and to make itself independent of the classic car sector.
Hope for fresh competition
The company could rely on existing technologies. With the home battery Powerwall or the concept of virtual power plants (VPP), Tesla wants to make the use of renewable energies more efficient. Tesla combines thousands of households digitally via the Powerwall home memory, so that if necessary, electricity from battery storage is automatically fed into the network. In Texas there is already its own electricity offer, which according to Electrek enables flexible tariffs and binds consumers closer to the brand. Tesla thus competes with existing providers who are already dominating the market.
Protests against Musks influence
But the enthusiasm is limited. After calling the Best for Britain platform, more than 8,000 people submitted objections to the application at Ofgem. The reasoning states Elon Musk Don’t be the right person to influence such a critical infrastructure. There is fear that the entrepreneur could also use his enormous range and its technology platforms for political purposes. The Guardian reports that many citizens are basically distrust due to his provocative statements.
Consideration in Westminster
Critical voices also come from politics. Ed Davey, Chairman of the Liberal Democrats, asked the government, according to The Guardian, to reject the application for national security reasons. Musk was too unpredictable, in the past I had caused irritation with statements about an allegedly upcoming civil war in the United States and maintained contacts with right -wing extremist circles. In addition, there are fears that close connections to Russia could further increase the risk, says The Register.
Difficult market conditions
Regardless of the political debate is the British Electric market Not an easy patch for new providers anyway. According to Moneyweek, the six largest energy suppliers control more than 90 percent of the business. Smaller providers have a hard time asserting themselves. Tesla could fall back on a loyal basis for electric car drivers and users of the Powerwall, but that also does not guarantee a breakthrough.
Editor finance.net
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