Tesla has applied to sell electricity in Texas

The new venture could sell energy directly to the state's deregulated electricity grid

 

Texas suffers from a brutal wave of power outages caused by the severe winter weather in February due to which more than 100 people died, and millions of citizens of Texas were left without power for days in the bitter cold. While electricity suppliers have left the market, thirteen new ones have applied with the PUC to sell power in Texas.

 

The American company Tesla, earlier this month has applied with the Public Utility Commission of Texas for the motive to sell power on the retail market through a new subsidiary named Tesla Energy Ventures.

 

The new venture could sell energy directly to the state's deregulated electricity grid, which is called ERCOT. This step can make the people's homes which are outfitted with solar panels share power with the state's electrical grid and could allow those homes to operate as their own power plant, connected via the state's grid. The company could leverage it's network of solar panel customers in the state and make a user base, marketing to them through the mobile app and the website.

 

Authorities will decide on the application's approval or disapproval in November.

 

India Scanner News Network

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