Tesla Electric is actively and automatically buying and selling electricity for Tesla Powerwall owners – providing a buffer against peak prices.
The company is essentially becoming an energy retailer.
Tesla Electric is currently only available to Powerwall owners in a few markets, primarily in Texas and the UK.
Now, Tesla is partnering with Sunrun to launch a new Sunrun Flex plan to customers in Texas:
Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today an innovative home energy plan in partnership with retail electric provider Tesla Electric (Nasdaq: TSLA). Created exclusively for Sunrun Flex™ customers in Texas, this new home energy plan is designed to maximize solar production, battery backup power for outages, and energy independence.
In short, the partnership uses Tesla’s Powerwalls and Sunrun’s solar systems at customer homes to offer a stable electric utility plan.