MVM Next Energiakereskedelmi

What MVM Next Energiakereskedelmi does

MVM Next Energiakereskedelmi Zrt. is a Hungarian state-owned energy retail utility headquartered in Budapest (II. János Pál pápa tér 20.) and operating under the MVM Group, Hungary's largest energy conglomerate. It is the legally designated universal service provider (egyetemes szolgáltató) licensed by the Hungarian Energy and Utility Regulatory Authority (MEKH) for both electricity and natural gas across the entire territory of Hungary. The company serves household (lakossági) and non-household (nem lakossági) consumers through regulated tariffs, with additional B2B supply through its competitive-market arm MVM Energiakereskedő.

The company's technology platform centers on a regulated retail supply and billing engine covering electricity and gas universal service, smart metering (Okos Áram), prepay metering, and digital customer self-service. The proprietary footprint includes the onlineügyintézés.mvmnext.hu portal (account management, meter readings, billing), the Okos Áram smart-electricity dashboard (real-time consumption, alerts, energy tips), a prepay meter card-loading system, and e-government integrations (Ügyfélkapu+/DÁP, Hivatali Kapu). Add-on product lines span Napelem/HMKE solar solutions, EV charging via Mobiliti, MVM Biztosítás insurance distribution, district heating referrals (Távhő), public lighting (Lumen), and smart-home advisory (Otthon és Pro).

Commercially, MVM Next operates a sales-led omnichannel GTM combining nationwide physical customer service offices, partner post offices, prepay card-loading locations, national phone lines, mobile app, online portal, and video customer service. Revenue is generated through regulated subscription/recurring tariffs (set/approved by MEKH) for universal electricity and gas, competitive-market contracts via MVM Energiakereskedő, and commission-based insurance referrals. Pricing is administered under MEKH oversight with tariff categories A1/B/C/D for electricity and rezsistop price-cap protection for qualified households. In June 2024, the company absorbed E.ON Áramszolgáltató Kft., materially expanding its household customer base and consolidating state ownership of Hungarian retail energy supply.

Name

MVM Next Energiakereskedelmi

Legal name

MVM Next Energiakereskedelmi Zrt.

Website

https://fogaz.hu

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MVM Next Energiakereskedelmi Zrt. is Hungary's state-owned, nationwide universal electricity and natural gas supplier, serving households and businesses under MEKH-regulated tariffs as the retail arm of MVM Group, with smart metering, prepay, solar, and digital self-service capabilities.

Ownership category

akta.pro rank

Product category

Energy Retail and Universal Service

NAICS

Utilities (22), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric, Gas & Sanitary Services (4900), Gas & Other Services Combined (4932)

akta.pro primary industry

Auto-Switching & Price Comparison Platforms (EUAGAEAD)

akta.pro secondary industries

Meter Reading Services (Manual, AMR/AMI Operations & Validation) (EUAJAKAC), AMI/AMR Smart Meter Deployment & Operations (Head-End, Network & MDM) (EUAJACAD), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB)

Keywords

• Regulated electricity supply
• Natural gas utility
• Universal energy service
• Household energy retail
• Competitive energy market

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Universal Service Electricity Sales: Regulated electricity sales to household and non-household customers under universal service (egyetemes szolgáltatás) license. Revenue is generated through government-regulated tariffs (árszabások) applied nationwide. This is the core revenue stream, operating as a regulated utility with prices set or approved by the Hungarian Energy and Utility Regulatory Authority (MEKH).
2. Universal Service Natural Gas Sales: Regulated natural gas supply to household and non-household customers as the oldest and dominant gas supplier in Hungary. Operates under the same universal service framework, with regulated pricing approved by MEKH.
3. Competitive Market Electricity and Gas Sales: Business customers can be served under competitive market conditions through MVM Energiakereskedő. This commercial energy trading arm serves enterprise and business customers outside the regulated universal service framework.
4. Insurance Products: MVM offers insurance products (MVM Biztosítás) through partner insurance providers, generating referral or commission revenue from insurance product distribution.
5. Smart Meter Data Services: Smart electricity metering (Okos Áram) services providing consumption analytics, alerts, and energy management insights to customers with smart meters.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

MVM Next Energiakereskedelmi Zrt. is Hungary's universal electricity and natural gas service provider, supplying regulated energy to household and non-household consumers across the entire country. Its core products are retail electricity and natural gas supply under MEKH-regulated tariffs, supplemented by a competitive-market sales arm for business customers and digital self-service platforms for account management, billing, and smart metering.

Product overview

MVM Next Energiakereskedelmi Zrt. is Hungary's largest energy utility company providing electricity and natural gas supply services. The product portfolio centers on two core offerings—Áramszolgáltatás (electricity supply) and Földgázszolgáltatás (natural gas supply)—serving both household and non-household consumers across Hungary. These core services are complemented by digital self-service platforms including Online Ügyfélszolgálat (online customer portal) and Videós Ügyfélszolgálat (video customer service). Add-on services include solar panel solutions (Napelem), smart electricity monitoring (Okos Áram), prepaid meters (Előre Fizetős Mérő), household-scale power generation (Háztartási Méretű Kiserőmű), EV charging (Mobiliti), insurance products (MVM Biztosítás), public lighting (Közvilágítás), and district heating (Távhő). The company operates as a universal service provider under regulatory oversight from the Hungarian Energy and Utility Regulatory Authority (MEKH).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• More than 800,000 natural gas bills containing rezsistop price cap allowances had been issued as of March 2026.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• MVM Égáz-Dégáz Földgázhálózati Zrt.coreOthersMVM Group subsidiary performing natural gas distribution in North Transdanubia and South Hungary across six counties. MVM Next refers customers with gas supply issues to MVM Égáz-Dégáz for network-related matters.
• MVM Főgáz Földgázhálózati Kft.coreOthersMVM Group subsidiary performing natural gas distribution in Budapest and 18 additional municipalities near the capital. MVM Next refers gas distribution network issues to this entity.
• MVM Démász Áramhálózati Kft.coreOthersMVM Group subsidiary performing electricity distribution in its service territory. Handles electricity fault reporting, connections, and network operations. MVM Next coordinates with this entity for electricity universal service delivery.
• MVM Émász Áramhálózati Kft.coreOthersMVM Group subsidiary performing electricity distribution. MVM Next coordinates with MVM Émász for universal electricity service delivery in its service area.
• MVM Csoport (MVM Group)coreOthersMVM Next is a member of the MVM Group, Hungary's largest energy group. The group encompasses power generation, electricity and gas distribution networks, retail supply, smart home solutions (MVM Otthon és Pro), district heating (MVM Távhő), public lighting (MVM Lumen), and insurance services.
• MVM MobilitiminorOthersE-mobility charging network under the MVM Group umbrella. MVM Next links to MVM Mobiliti (mobiliti.hu) for EV charging services, providing cross-selling within the energy group.
• MVM TávhőminorOthersDistrict heating services under the MVM Group. MVM Next cross-references MVM Távhő (mvmtavho.hu) as a complementary service within the MVM energy ecosystem.
• MVM Otthon és Pro (MVM Home and Pro)minorOthersEnergy advisory and smart home solutions arm of MVM Group. MVM Next cross-links to MVM Home and Pro for energy consulting services and smart home solutions promoted on its platform.
• FGSZ Zrt. (MOL Group)coreTechnology or IntegrationFGSZ Zrt. is the transmission system operator for natural gas transport in Hungary (part of the MOL Group). FGSZ conducts scheduled maintenance on the gas transmission pipeline network, causing planned gas supply interruptions published on its maintenance schedule. MVM Next refers customers to FGSZ's maintenance schedule.
• MVM Ügyfélkapcsolati Kft.coreOthersMVM Group subsidiary providing customer relationship management services under an outsourcing license on behalf of MVM Next, handling inbound customer service operations.
• MVMI Zrt.coreTechnology or IntegrationProvides server hosting and IT infrastructure services for MVM Next's web operations, as noted in the website impressum.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ENGIE SA: French multinational utility operating across Europe with activities in electricity, gas, and energy services. Comparable to MVM Next as a large European utility with retail supply and customer-facing energy services, providing a broader incumbent benchmark for utility retail operations.
• E.ON SE: German-headquartered European utility operating across multiple countries. Comparable to MVM Next as a major integrated European utility with retail, distribution, and customer services businesses, including the former E.ON Hungária retail operations that were merged into MVM Next.
• ČEZ Hungary: Hungarian subsidiary of Czech utility ČEZ Group, a major Central European energy player. Comparable to MVM Next in offering electricity and energy services to Hungarian customers under regulated and competitive market frameworks, with shared Central European regulatory exposure.
• RWE AG: Major German utility with operations across Europe including Hungary. Comparable to MVM Next as a large European integrated utility with regulated retail, distribution, and generation activities, sharing similar regulatory and energy transition pressures.

Direct peers

• MET Holding AG: European energy trading and supply group headquartered in Switzerland with significant Hungarian operations. Comparable to MVM Next as a regional energy trader and supplier active in Hungary, competing in the same competitive market segment for business customers.
• ELMŰ-ÉMÁSZ: Hungarian electricity distribution company operating in Budapest and surrounding areas, now part of MVM Group. Comparable to MVM Next as a regulated distribution utility in Hungary, sharing the same regulatory framework and overlapping customer base in central Hungary.
• OPUS TITÁSZ Áramhálózati Zrt. Hungarian regional electricity distribution and supply company serving the Tiszántúl region. Comparable to MVM Next as a regulated Hungarian utility operating electricity distribution and supply under national regulatory oversight, with similar regulatory and tariff exposure.
• E.ON Hungária Zrt. Hungarian arm of the E.ON Group, historically a direct competitor in household electricity and gas supply. E.ON's Hungarian retail supply business was merged into MVM Next in 2024, making it the most direct former peer and a reference for the customer base now consolidated under MVM Next.

Emerging players

• ALTEO Energiaszolgáltató Nyrt. Hungarian renewable energy and energy services company listed on the Budapest Stock Exchange. Comparable to MVM Next in the Hungarian energy market, with overlapping focus on electricity supply, renewable generation, and energy services for commercial customers.

Regional players

• RWE Hungary: Hungarian operations of German utility RWE AG. Comparable to MVM Next as a European utility with regulated and competitive supply activities in Hungary, facing similar regulatory and competitive market dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mvmforyou
• LinkedInlinkedin.com/company/nkmfoldgaz

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 MVM Next Energiakereskedelmi