August 27, 2021 Read More →

Tesla files to become electricity retailer in Texas as others leave market


Tesla has filed to enter Texas’s deregulated energy market and become an official electricity retailer.

For a change, the company sees an opportunity not to disrupt but to fix and stabilize the market.

After winter storms earlier this year, the Texas grid experienced widespread blackouts, leading to more than a hundred deaths and billions in costs.

Many experts blamed Texas’s mostly deregulated electricity market with over 120 players, which were not prepared to handle the situation.

Five electricity retailers have since left the Texas energy market amid the disaster, and there are opportunities for other energy companies to sweep in.

[Fred Lambert]

More: Tesla plans to enter Texas deregulated energy market, starts with massive 250 MW battery

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