EVN Bulgaria Group

What EVN Bulgaria Group does

EVN Bulgaria Group is a vertically integrated regulated energy utility serving over 1.7 million customers in Southeastern Bulgaria. Established in 2005 when Austrian-listed parent EVN AG (Energieversorgung Niederösterreich AG) acquired regional energy assets during Bulgaria's privatization, the group operates through five wholly-owned subsidiaries: Elektrorazpredelenie Yug EAD (electricity distribution), EVN Bulgaria Elektrosnabdiavane EAD (electricity supply and supplier of last resort), EVN Bulgaria Toplofikatsia EAD (district heating in Plovdiv), EVN Trading South East Europe EAD (energy and carbon emissions trading across Bulgaria and Southeast Europe), and EVN Service Center EOOD. The group holds exclusive EWRC-regulated licenses for electricity distribution and supply in Southeastern Bulgaria and for district heating in Plovdiv, with all tariffs set by the Energy and Water Regulatory Commission.

The group's core technology stack includes a regional electricity distribution grid, a modern combined heat and power (CHP) cogeneration plant in Plovdiv producing electricity and heating with zero sulfur dioxide, fine particulate, and dioxin emissions, smart metering infrastructure enabling remote meter reading, the EVN Online+ digital self-service portal for bill payment and consumption management, the EVN2GO mobile application providing access to over 640 public EV charging points, residential solar PV and battery installation services (the 'Sunny Home' / Слънчев дом product), and a network of modern EVN Offices and EVN Business Centers. Cumulative infrastructure investment exceeds BGN 2.5 billion over the operating history.

Revenue is generated primarily through regulated electricity distribution and supply tariffs (subscription/recurring), regulated district heating tariffs in Plovdiv, energy and carbon emissions trading across Southeast Europe, mandatory RES electricity offtake at EWRC-set feed-in tariffs, EV charging services (pay-per-use and home wallbox hardware sales), and a portfolio of sustainable services including building energy audits, thermography, and energy efficiency consulting. The go-to-market combines physical customer service offices, regional business centers operating by appointment in Plovdiv, Bourgas, and Nessebar, the EVN Online+ self-service portal, and partner payment networks (ePay.bg, EasyPay, Bulgarian Post, Transcard, CashTerminal, Paysera). Headcount stands at over 2,300 employees serving residential, business, and renewable energy producer segments.

Name

EVN Bulgaria Group

Legal name

EVN Bulgaria Group

Website

https://evn.bg

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

EVN Bulgaria Group is a vertically integrated regulated energy utility serving over 1.7 million customers in Southeastern Bulgaria with electricity distribution and supply, district heating in Plovdiv, and energy and carbon trading across Southeast Europe. Wholly owned by Vienna-listed Austrian parent EVN AG.

Ownership category

akta.pro rank

Product category

Integrated Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111), Steam and Air-Conditioning Supply (221330)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

Keywords

• Electricity distribution
• District heating services
• Energy trading
• EV charging infrastructure
• Sustainable energy services

Headquarters

HQ city

Plovdiv

HQ country

Bulgaria

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity distribution and sales: EVN Bulgaria distributes and sells electricity in Southeastern Bulgaria through its licensed entities EVN Elektrosnabdiavane EAD (end supplier) and Elektrorazpredelenie Yug EAD (distribution grid operator). Revenue comes from regulated electricity tariffs approved by the Energy and Water Regulatory Commission (KEVR/EWRC), covering network access, transmission, and supply charges. Also serves as supplier of last resort (ДПИ/DPI) for customers left without a market supplier.
2. District heating (топлоснабдяване): EVN Toplofikatsia EAD provides district heating services in Plovdiv through its cogeneration plant, delivering heat to residential and business customers. Prices are regulated by KEVR.
3. Energy and carbon emissions trading: EVN Trading South East Europe conducts energy and carbon emissions trading across Bulgaria and throughout Southeast Europe, operating as a licensed electricity trader.
4. Renewable energy source (RES) electricity purchasing: EVN Elektrosnabdiavane, as end supplier, is legally obligated to purchase electricity generated by RES producers connected to EP Yug's grid at feed-in tariffs set by EWRC, for contract terms of 20 years (solar, geothermal, biomass), 12 years (wind), or 15 years (HPP up to 10MW and other renewables).
5. EV charging infrastructure services: EVN operates and manages a public EV charging network accessible via the EVN2GO app, partnering with EVPoint for network expansion. Also sells EVN Wallbox home charging stations in 7.4 kW and 22 kW variants, and offers EV charging station management and monitoring services for businesses.
6. Sustainable/energy efficiency services: Services include building energy audits, thermography diagnostics, boiler and air conditioning efficiency checks, solar system installation, and EV charging station installation and management — offered to both residential and business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

EVN Bulgaria Group distributes and supplies electricity in Southeastern Bulgaria through Elektrorazpredelenie Yug EAD and EVN Bulgaria Elektrosnabdiavane EAD, and delivers district heating in Plovdiv through EVN Toplofikatsia EAD's CHP cogeneration plant. The group also conducts energy and carbon emissions trading across Bulgaria and Southeast Europe via EVN Trading South East Europe EAD, and offers EV charging, solar PV, thermography, and building energy efficiency services to residential and business customers.

Product overview

EVN Bulgaria Group is a vertically integrated energy utility offering electricity distribution and sales in Southeast Bulgaria, district heating in Plovdiv, and energy/carbon trading across Bulgaria and Southeast Europe. The core product family includes: (1) electricity and heating supply services under the EVN brand; (2) the EVN Онлайн плюс customer portal for account management and online payments; (3) the EVN2GO mobile app for EV charging with over 640 public points; (4) EVN Wallbox home charging stations; (5) sustainable services including solar audits, thermography, and building energy efficiency audits; (6) EV charging station management and monitoring services for businesses; and (7) ВЕИ Solar/Total renewable energy purchasing products for producers. The portfolio is organized around three main pillars: electricity services (EVN Elektrosnabdiavane), heating services (EVN Toplofikatsia), and trading (EVN Trading South East Europe), supported by the EVN Online Plus digital platform and EVN2GO mobile app.

Differentiator

Problem solved

Functional benefit

Brands

• EVN2GO: Mobile application for electric vehicle charging, providing access to over 640 public charging points across Bulgaria, available on Android and iOS.
• EVN Online+
• EVN Топлофикация (EVN Toplofikatsia)
• EVN Онлайн плюс (EVN Online Plus)

Quantifiable outcome

• Reduced technological losses from 20% at 2005 privatization to below 7%, saving 1,230 GWh of electricity and 630,000 tonnes of CO2 emissions
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• EVPointcoreGTM or Marketing Partner · 1 January 2025EVN partnered with EVPoint to significantly expand its public EV charging network. As of 2025, over 640 public charging points are accessible via the EVN2GO app. EVPoint also provides installation services for home EV wallbox stations sold by EVN.
• BILLA BulgariacoreStrategic or Co-development Partner · 1 January 2025EVN and BILLA Bulgaria are implementing a joint project to build 25 fast EV charging stations in 9 cities across Bulgaria, supporting e-mobility and decarbonization of transport.
• BME (Bundesverband Materialwirtschaft, Einkauf und Logistik e.V.)coreStrategic or Co-development Partner · 1 January 2025All procurement departments within EVN Bulgaria Group are certified as 'Responsible Procurement Organization Level 3' by BME following successful multi-stage audits. Certification requires sustainable procurement strategy with risk analysis, ESG integration into operational processes, and supplier cascading analysis.
• WWF BulgariacoreStrategic or Co-development Partner · 1 January 2022EVN Bulgaria and WWF Bulgaria launched a joint partnership beginning in 2022 focused on the restoration and protection of riverbank forests along the Maritsa River near Stamboliyski. This partnership was extended for a second phase (2026–2028) continuing conservation efforts. Activities include volunteer actions with numerous participants working to restore riparian zones and biodiversity habitats.
• Bulgarian Donors' Forum (БДФ)minorGTM or Marketing Partner · 1 January 2021Bulgarian Donors' Forum organizes the annual 'Corporate Donor' competition in which EVN Bulgaria's 'EVN for Bulgaria' programme was awarded 'Best Volunteer Programme' (2021 edition, awarded 2022) at the President's Office ceremony.
• JobTigerminorGTM or Marketing Partner · 1 January 2018In 2018, EVN Bulgaria partnered with JobTiger to increase career awareness among schoolchildren through the 'What I Want to Become' project, financed and implemented under the 'EVN for Bulgaria' corporate social programme.
• Bulgarian Red Cross / Mountain Rescue Service (ПСС)minorGTM or Marketing Partner · 1 January 2015EVN Bulgaria has a long-standing tradition of supporting the Mountain Rescue Service (Планинска спасителна служба), including a 2020 campaign and a BGN 45,000 donation jointly raised with customers. Recognized with a FARA distinction.
• UN Global CompactcoreStrategic or Co-development Partner · 1 January 2011EVN Bulgaria has been a member of the UN Global Compact since 2011 and is a co-founder of the Bulgarian network of the Global Compact. EVN develops its business respecting the Compact's ten principles in human rights, labour standards, environment, and anti-corruption.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• E.ON SE: European regulated utility holding company whose Bulgarian subsidiary (E.ON Bulgaria) competes head-to-head with EVN. Comparable at the group level on integration of regulated distribution, supply, EV charging (E.ON Drive), and decentralized energy services across Europe.
• Verbund AG: Austrian-listed integrated electricity utility active in generation, transmission, distribution, and supply across Austria and selected international markets. Comparable to EVN AG and (by extension) EVN Bulgaria on regulated utility scale, hydroelectric generation, and EU-wide energy transition positioning.
• EVN AG: Austrian listed parent of EVN Bulgaria Group, operating electricity generation, distribution, supply, heating, and network services across Austria, Bulgaria, North Macedonia, and Croatia. Provides the natural benchmark for EVN Bulgaria's regulated utility economics and capital allocation framework.

Direct peers

• MET Group: Swiss-based energy trader with significant operations in Bulgaria and Southeast Europe, active in wholesale electricity and gas trading. Directly comparable to EVN Trading South East Europe on free-market energy and carbon trading activities in the region.
• CEZ Bulgaria (electrodistribution and supply): Historically the operator of Bulgaria's western distribution license (CEZ Electro Bulgaria and CEZ Sales). Provides licensed electricity distribution and supply services in a separate territory from EVN, but with the same regulated revenue model and customer base structure, making it a structurally direct peer.
• E.ON Bulgaria: Licensed electricity distribution and supply operator in Northern/Northeastern Bulgaria, holding the mirror half of the country's regulated distribution market. It serves a comparable customer base via a similar regulated distribution + supply + free market model, making it the most direct competitor to EVN Bulgaria.
• Energo-Pro: Czech-owned energy utility active in electricity distribution, supply, and generation in Northwestern Bulgaria, including hydropower assets. Overlaps with EVN on regulated distribution and supply activities and competes for free-market commercial customers in Bulgaria.

Regional players

• Toplofikatsia Sofia: District heating operator in Sofia, the largest district heating utility in Bulgaria. Comparable to EVN Toplofikatsia in Plovdiv on the district heating/chp business model and regulated pricing, but serving a different geographic market within Bulgaria.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/EVNBulgaria
• Instagraminstagram.com/evn_bulgaria
• LinkedInlinkedin.com/company/evn-bulgaria

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

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 EVN Bulgaria Group