What Eneco Belgie does

Eneco Belgium NV is a Belgian retail electricity and gas supplier, operating as a wholly owned subsidiary of Dutch parent Eneco Group. The company generates green electricity from its own domestic wind and solar assets — 136 wind turbines and more than 450,000 solar panels located in Belgium — and supplies that power, matched by Guarantees of Origin, to residential, self-employed/SME (KMO), and large enterprise (grootzakelijke) customers under fixed, variable, or dynamic tariff contracts. Its core offering is energy supply priced per kWh, with revenue generated primarily through recurring subscription-style contracts plus a fixed annual fee, complemented by one-time hardware revenue from solar panel installations and Smart Home Batteries.

Beyond commodity supply, Eneco Belgium has built a connected energy-solutions platform layered on top of its supply base. The portfolio includes: (i) the Eneco Smart Meter App with a freemium Premium tier offering real-time consumption data via a smart dongle; (ii) the Slimme Thuisbatterij (Smart Home Battery) that uses AI-driven optimization to charge at low-price hours and provides up to €250/year cashback in exchange for grid-balancing participation; (iii) SlimLaden smart EV charging; (iv) home charging points; (v) solar panel installation through partner Energreen; (vi) insulation services; (vii) boiler maintenance and emergency support through partner HomeServe; and (viii) the Eneco Business Battery and Power Moves advisory program for enterprises. The Elli AI virtual assistant handles customer service, contract changes, and outbound payment notifications 24/7, and the Smart Meter App integrates directly with the Fluvius grid operator via a customer-issued data mandate.

Commercially, Eneco Belgium runs a hybrid GTM: direct-to-consumer acquisition through eneco.be, mobile apps, and a self-service price simulation tool; inside-sales for SMEs via the KMO division; and field sales with dedicated account management for large enterprise accounts. Distribution is fully direct — no third-party resellers — with installation partners (Energreen for residential solar/battery, iWell for industrial batteries) executing the physical hardware layer. Pricing is published transparently through monthly tariff cards. The company reports no public revenue figures, but its scale — a flagship Google renewable-energy supply agreement as part of a €5 billion Belgian infrastructure investment (Oct 2025), a Greenpeace 18/20 sustainability ranking, and a stated headcount of 101–250 — places it among the larger pure-play green retail energy suppliers in the Belgian market.

Name

Eneco Belgie

Legal name

Eneco Belgium NV

Website

https://eneco.be

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Eneco Belgium NV is a Belgian green electricity and gas supplier, subsidiary of Dutch Eneco Group, serving residential, SME, and enterprise customers with 100% locally generated wind and solar power, plus smart home energy solutions and digital management tools.

Ownership category

akta.pro rank

Product category

Retail Renewable Energy Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Utilities (22)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL)

Keywords

• Green electricity supply
• Natural gas supply
• Smart home energy
• Solar panel installation
• EV charging solutions

Headquarters

HQ city

Mechelen

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Electricity Supply: Supply of 100% green Belgian electricity to residential, SME, and enterprise customers under fixed, variable, or dynamic tariff contracts. Revenue is generated from energy sales priced per kWh plus fixed annual fees.
2. Natural Gas Supply: Supply of natural gas to residential, SME, and enterprise customers under fixed or variable tariff contracts. Revenue generated from gas sales priced per kWh.
3. Smart Home Battery Sales & Smart Control: Sale and installation of smart home batteries with AI-driven smart control. Customers receive annual cashback (up to €250) as an incentive. No subscription fee for the smart control service.
4. Smart Meter App (Premium): Free Smart Meter app with a paid Premium tier offering real-time energy consumption data via a dedicated smart dongle.
5. Solar Panel Solutions: Installation of solar panels for residential and business customers, offered in partnership with installer Energreen.
6. Boiler Maintenance Services: Maintenance contracts for heating boilers provided in partnership with HomeServe, including emergency breakdown assistance.
7. Electric Vehicle Charging Solutions: Home charging points and smart EV charging (SlimLaden) services for residential and business customers.
8. Insulation Services: Home and building insulation solutions for energy efficiency.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Eneco Belgie is a Belgian green energy supplier that produces and distributes 100% green electricity from its own Belgian wind turbines and solar panels, alongside natural gas, to residential, SME, and enterprise customers under fixed, variable, or dynamic tariff contracts. It complements this core supply with a portfolio of smart energy solutions — including the Eneco Smart Meter App, AI-optimized home batteries, solar panels, smart EV charging, boiler maintenance, insulation — and serves large businesses through dedicated account management and advisory programs such as Power Moves and the Eneco Business Battery.

Product overview

Eneco Belgie is a Belgian green energy supplier offering a platform of electricity and gas supply contracts backed by its own Belgian renewable generation assets (wind turbines and solar panels), plus a portfolio of connected energy-solutions products and digital tools. The core offering is electricity and gas supply (with fixed, variable, and dynamic tariff options), sold to residential (particulieren), small business (zelfstandigen/KMO), and enterprise (business/grootzakelijk) segments. The product portfolio extends through energy solutions modules: solar panels, the Smart Home Battery (Slimme Thuisbatterij) with smart grid-charging, EV home charging (Laadpaal Thuis) and smart EV charging (SlimLaden), boiler maintenance, insulation, and a Smart Meter App for consumption monitoring. For business customers, Eneco offers the Business Battery, Power Moves advisory, EV charging infrastructure, and Energysquare. Peppol e-invoicing via the Peppol network is supported for all business customers. The AI assistant Elli provides conversational customer support across channels.

Differentiator

Problem solved

Functional benefit

Brands

• Eneco Smart Meter App: Mobile application for monitoring energy consumption with digital meters
• Eneco Premium
• Eneco Slimme Thuisbatterij
• Eneco Wind
• Eneco Comfort Bonus
• Eneco SlimLaden
• Eneco Business Battery
• Power Moves

Products and services

• Electricity and Gas Contracts (Zon & Wind — Vast/Flex/Dynamisch) Supply contracts for 100% green Belgian electricity (sourced from Eneco-owned wind and solar parks) and natural gas to residential, SME, and enterprise customers, available with fixed (1-year guarantee), variable (monthly market-adjusted), or dynamic (hourly market-linked) tariffs.
• Eneco Smart Meter App (incl. Premium tier) Mobile app (iOS/Android) giving Eneco customers with a digital meter real-time energy consumption insights, 48-hour solar production forecasting, monthly budget tracking, and capacity-tariff monitoring. Premium tier adds real-time consumption data via a smart dongle for an additional fee.
• Slimme Thuisbatterij (Smart Home Battery) AI-driven smart home battery sold and installed (via partner Energreen) for residential customers with solar panels and a digital meter, enabling optimal self-consumption, smart charging from the grid at cheap hours, and grid-balancing services with annual cashback up to €250/year.
• Zonnepanelen (Solar Panels) Solar panel installation service for residential customers (and a KMO variant), custom-designed per roof type to maximize yield and ROI; delivered in partnership with installation partner Energreen.
• Eneco SlimLaden (Smart EV Charging) Smart EV charging service that automatically schedules an electric vehicle to charge at the cheapest energy moments, with a small financial reward from Eneco to customers for participation; can save customers up to €200 per year.
• Laadpaal Thuis (Home EV Charging Point) Home electric vehicle charging point installation enabling convenient at-home charging for EV owners in Belgium.
• Ketelonderhoud (Boiler Maintenance) Subscription-based boiler maintenance service delivered in partnership with HomeServe, with annual servicing to keep heating systems in optimal condition.
• Bijstand Gasketel (Gas Boiler Assistance) Emergency gas boiler breakdown assistance providing 24/7 technical support and repair dispatch through partnership with HomeServe.
• Isolatie (Home Insulation) Home insulation services for walls, roofs, and floors to improve residential energy efficiency and thermal comfort, offered as part of Eneco's energy solutions portfolio.
• Eneco Business Battery (Industrial-scale Battery) Commercial-scale battery solution for enterprise customers with on-site solar installations; maximizes self-consumption of self-generated green energy and supports grid stability via demand-response participation, installed by partner iWell.
• Power Moves (Business Energy Transition Program) Advisory and partnership program guiding business customers through sustainable energy transitions with concrete, actionable steps; supports case studies such as OH Leuven football club and Auberginekwekerij Heulens.
• Comfort Bonus (Customer Loyalty Program) Free loyalty package for Eneco customers providing breakdown assistance, household appliance extended warranty, and bicycle assistance from the first month of being a customer.
• Elektrisch Laden voor Bedrijven (Business EV Charging) EV charging infrastructure solution for business customers, supporting fleet electrification and corporate sustainability goals.
• Energysquare (Business Energy Management) Energy management and billing solution for business customers referenced on Eneco's Belgian business energy pages.
• Zonnepanelen voor KMOs (SME Solar Panels) SME-specific solar panel installation service for small and medium businesses (KMOs/zelfstandigen), enabling them to generate their own green electricity on-site.

Quantifiable outcome

• Smart home battery payback in ~6-7 years, with up to €250 annual cashback for grid balancing
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship, minor and core.

• GoogleflagshipStrategic or Co-development Partner · 8 October 2025Google announced a €5 billion investment in Belgium over two years to expand its cloud and AI infrastructure, including data center expansions in Saint-Ghislain. As part of this investment, Google signed renewable energy agreements with energy firms including Eneco, Luminus, and Renner to support new onshore wind farm development and supply clean energy to the Belgian grid. This is a flagship partnership where Google provides capital investment and energy demand, while Eneco provides renewable energy supply and wind farm development support for grid decarbonization.
• LuminusminorStrategic or Co-development Partner · 8 October 2025Luminus is a Belgian energy company and one of the three energy firms (alongside Eneco and Renner) that signed renewable energy agreements with Google as part of Google's €5 billion Belgian investment. This partnership involves joint commitment to onshore wind farm development to supply clean energy to the grid.
• RennerminorStrategic or Co-development Partner · 8 October 2025Renner is an energy firm that signed renewable energy agreements with Google as part of the €5 billion investment in Belgian infrastructure, alongside Eneco and Luminus, to support new onshore wind farm development and clean energy supply.
• FluviuscoreTechnology or IntegrationFluvius is the Flemish distribution grid operator. The Eneco Smart Meter App requires customers to grant a mandate to Fluvius through the app, after which Fluvius shares the customer's meter data (consumption, production) with Eneco. This data integration typically takes 2-3 days to activate. Fluvius also manages the digital meter infrastructure that underpins Eneco's smart energy services.
• EnergreencoreImplementation/ SI/ Consulting PartnerEnergreen is the installation partner for Eneco's solar panels and smart home batteries sold through eneco.be. Customers request quotes via the Eneco website; Energreen conducts site visits, provides final quotes, and performs the physical installation within 2-8 weeks of quote approval. Eneco promotes Energreen's services as exclusive offers on its website with €150 discount incentives.
• iWellcoreImplementation/ SI/ Consulting PartneriWell is the installation partner for the Eneco Business Battery (industrial-scale battery) offered to enterprise customers. An iWell-installed battery system is featured at 'Eneco World' (Eneco's headquarters facility), demonstrating the partnership's visibility and importance to Eneco's B2B energy storage solutions.
• HomeServeminorImplementation/ SI/ Consulting PartnerHomeServe provides boiler maintenance and emergency breakdown services for Eneco's residential and SME customers in Belgium, offered as part of Eneco's energy solutions portfolio under the Ketelonderhoud (Boiler Maintenance) and Bijstand Gasketel (Gas Boiler Assistance) products.
• Eneco Group (Netherlands)coreOthersEneco Belgium NV is a subsidiary of the broader Eneco Group based in the Netherlands, which operates in the Netherlands, Belgium, Germany, and the United Kingdom. The parent company has over 100 years of energy experience and provides the brand, technology platform, and strategic direction for the Belgian operations.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Luminus: Luminus is one of the largest energy suppliers and renewable generators in Belgium, offering electricity, gas, and energy services to residential, SME, and enterprise customers. It is the most direct competitor to Eneco Belgium and was named alongside Eneco as a Google wind energy partner in the €5B Belgian investment.
• Mega (Colruyt Group): Mega is the energy brand of Belgian retailer Colruyt Group, supplying low-cost electricity and gas to Belgian households. As a value-positioned, vertically integrated retail energy brand in Belgium, Mega competes directly with Eneco on price-sensitive residential customers.
• OCTA+: OCTA+ is a Belgian challenger energy supplier offering electricity and gas to residential and SME customers with a focus on competitive pricing and digital-first service. It is a direct retail competitor to Eneco Belgium in the consumer segment and exemplifies the niche/challenger pressure on Eneco's residential share.

Others

• Eneco Group: Eneco Group is the Dutch parent of Eneco Belgium, operating across the Netherlands, Belgium, Germany, and the UK with more than 100 years of energy experience. While not a market peer, it is the controlling entity whose strategy, capital, and technology platform directly determine Eneco Belgium's competitive position.

Broad incumbents

• Engie Belgium: Engie Belgium (part of global Engie SA) is a major Belgian utility supplying electricity, gas, and energy services across all customer segments. As a broad incumbent, Engie competes head-on with Eneco in retail supply while also operating its own generation, including nuclear and renewables, making it a key peer for both supply and generation comparisons.
• RWE: RWE is a leading European utility with one of the continent's largest renewable energy portfolios (offshore and onshore wind, solar) and a growing B2B energy retail business. RWE is comparable to Eneco Belgium as a European utility aggressively pivoting toward renewables, and competes for hyperscaler and corporate PPA demand in the same regional markets.
• TotalEnergies Belgium: TotalEnergies operates in Belgium through TotalEnergies Power & Gas, supplying electricity and natural gas to retail and business customers, with growing renewable generation. As a broad incumbent with downstream energy retail, it competes with Eneco on Belgian supply contracts and increasingly on green-energy offerings.
• Vattenfall: Vattenfall is a Swedish state-owned European utility with a major renewable generation portfolio and retail operations in several European markets. It is comparable to Eneco Belgium as a green-positioned European utility investing in wind, solar, and district heating, and operates in the broader Benelux/Northern European competitive set.
• EDF Belgium: EDF Luminus (now EDF Belgium) is a major Belgian electricity and gas supplier with significant nuclear and renewable generation assets. As a broad incumbent with retail and generation operations, it competes with Eneco across both supply contracts and large-scale generation in Belgium.

Regional players

• Aspiravi: Aspiravi is a leading Belgian wind energy developer and operator, focused primarily on onshore wind projects in Belgium and surrounding regions. While more specialized in generation than retail supply, Aspiravi is comparable to Eneco's Belgian wind generation arm and competes for the same wind development pipeline, including opportunities linked to hyperscaler PPAs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/enecobe
• Facebookfacebook.com/enecobelgium
• LinkedInlinkedin.com/company/eneco-belgium

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eneco Belgie