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Tesla May Have Launched Energy Plan To Help Reduce Electricity Rates

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Benzinga EV Insights
·1 min read
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Tesla Inc (NASDAQ: TSLA) is known for more than its cars. The company also produces solar panels and batteries, designs computer chips, and writes self-driving software.

Now the company is looking to help lower electric rates for customers with a new Energy Plan in the United Kingdom.

In a report covered on Teslarati, it looks like Tesla is going to work with local company Octopus Energy to help distribute its new energy plan. Tesla's new energy plan is going to offer a rate of 8p(pence)/kWh to Tesla vehicle owners and 11p/kWh for non-owners. This can be almost 50% lower than the average rate of 14.40p/kWh in the UK, although rates vary by location.

The energy plan will work with Tesla's solar products including solar panels and Powerwall. Tesla lists benefits such as helping the environment, reducing energy bills, and protection from power outages.

Photo courtesy of Tesla.

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