Tesla has made its first official move to sell electricity in Australia, lodging an authorisation application with the Australian Energy Regulator (AER) under the name Tesla Energy Ventures Australia Pty Ltd (TEVA).
Related article: Is Tesla moving into electricity retailing in Australia?
The regulator has accepted TEVA’s application and is now seeking submissions from stakeholders for TEVA’s application up until December 18, 2023.
Tesla recently launched Phase 4 of South Australia’s Virtual Power Plant (SAVPP), which enables South Australians on low incomes to share in the benefits of renewable energy.
The $33 million expansion, funded entirely by Tesla, will provide help thousands of low-income households that had previously missed out due to their homes being unsuitable for rooftop solar by offering a battery-only option.
According to Teslerati, TEVA plans to operate in a similar fashion to Tesla Electric in Texas.
Related article: Tesla launches Phase 4 of South Australia’s VPP
Tesla Electric uses the Powerwall to reduce the stress on Texas’ grid by allowing renewable energy generated through solar panels to flow through the grid. Tesla Electric enables homeowners to help the grid and earn credits to reduce their electricity bills.
