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Energy News
Tesla Eyes UK Energy Market
Tesla has applied for a licence from Ofgem to supply electricity in Britain, marking a potential new chapter for the company best known for its electric cars. If approved, Tesla could offer households and businesses power alongside its existing solar and battery products. The move comes as the UK energy market shifts towards cleaner, more flexible supply. By combining generation, storage and electric vehicle charging, Tesla aims to create a joined-up system that could lower costs and cut carbon.
Our Thoughts: Tesla’s entry could shake up the market, but it remains to be seen how quickly they can scale in the UK. For businesses, it’s another sign that technology-led suppliers are set to play a bigger role in driving down costs and carbon. If they succeed in linking energy supply with storage and EV charging, it could open new opportunities for firms looking to cut bills and meet sustainability goals. Competition is healthy, and Tesla’s move could help push other suppliers to innovate faster.
Offshore Wind Boosted by Government Reforms The UK government has announced changes to its offshore wind subsidy scheme in a bid to attract more investment. Contracts for Difference will now run for 20 years instead of 15, while maximum bid prices have also been raised. These reforms follow concerns that rising costs were slowing new projects and putting climate targets at risk. Alongside the changes, a £544 million Clean Industry Bonus will support the supply chain. Ministers hope the measures will unlock fresh growth and keep the UK at the forefront of global offshore wind. Our Thoughts:
Extending contract terms and raising support should help get stalled projects moving again. This is positive news for long-term energy stability and could ease pressure on business bills as more renewables come online. Offshore wind is central to the UK’s net zero strategy, so making the sector investable again is vital. Businesses can expect the benefits to flow through gradually, but stability in the supply mix helps keep costs more predictable
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