E2 Hungary
E2 Hungary Zrt. is a 50-50 joint venture between MET Holding AG and Magyar Telekom Nyrt. that supplies bundled natural gas and electricity to over 4,000 Hungarian business customers across multiple economic sectors, complemented by energy efficiency advisory services and web-based contract management.
- Company typePrivate
- Founded2016
- HeadquartersBudapest, Hungary
- Headcount101–250
- GTM typeB2B
- OfferingServices
What E2 Hungary does
E2 Hungary Zrt. is a privately-held Hungarian energy trading and supply company that serves over 4,000 business customers with bundled natural gas and electricity services. The company was established on January 1, 2016, as a 50-50 joint venture between MET Holding AG — a Swiss-headquartered integrated energy company active in 10 countries and 19 gas markets — and Magyar Telekom Nyrt., Hungary's largest telecommunications provider (majority-owned by Deutsche Telekom AG). The JV was created by consolidating the B2B energy trading operations of both parents, transferring Magyar Telekom's enterprise customer base and combining MET's wholesale trading capabilities with Magyar Telekom's customer service infrastructure. E2 Hungary operates as a MET Csoport member company but functions with its own sales strategy and independent commercial terms.
The core products are natural gas and electricity trading and supply, priced on usage-based formulas referenced to market indices — VTP Heren Day-Ahead plus a spread for gas, and HUPX Day-Ahead plus a spread for electricity. The technology surface is dominated by customer-facing web platforms rather than proprietary trading infrastructure: an online quote request system, meter reading reporting, capacity nomination interfaces, seasonal certification forms, and downloadable energy assessment templates (Energetikai állapotfelmérő). Complementing the commodity supply business, E2 Hungary provides energy efficiency advisory services including energy audits, energy expert (szakreferens) services, and an E2 audit+ tier. Commercial terms are governed by MEKH-approved (Hungarian Energy and Utility Regulatory Authority) Natural Gas Trading Regulations and Electricity Trading Regulations, which are updated periodically.
E2 Hungary distributes exclusively through direct B2B field sales, targeting enterprise and mid-market customers across manufacturing, services, trade, and other Hungarian economic sectors with a horizontal segmentation approach. Customers are acquired through the website quote request pipeline and managed via dedicated account relationships. Revenue mechanics rely on commodity pass-through pricing plus a spread, with contract terms featuring a 30-day termination notice and annual/monthly billing cycles. The company is based in Budapest, employs 101-250 staff, is led by CEO Krascsenics Roland, and operates exclusively within Hungary — there is no direct evidence of geographic expansion beyond the domestic market at the E2 entity level.
E2 Hungary firmographics
Firmographics- Name
- E2 Hungary
- Legal name
- E2 Hungary Energiakereskedelmi és Szolgáltató Zártkörűen Működő Részvénytársaság
- Website
- https://e2hungary.hu
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- E2 Hungary Zrt. is a 50-50 joint venture between MET Holding AG and Magyar Telekom Nyrt. that supplies bundled natural gas and electricity to over 4,000 Hungarian business customers across multiple economic sectors, complemented by energy efficiency advisory services and web-based contract management.
- Ownership category
- akta.pro rank
E2 Hungary industry classification
Industry- Product category
- Business Energy Supply
- NAICS
- Natural Gas Distribution (2212)
- SIC
- Gas & Other Services Combined (4932)
- akta.pro primary industry
- C&I Natural Gas Supply & Procurement (EUAGAGAE)
- akta.pro secondary industry
- C&I Multi-Site & Cross-Border Supply (Portfolio/Meter Management) (EUAGACAK)
Keywords
Where E2 Hungary is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
E2 Hungary business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Natural Gas Trading and Supply: E2 Hungary supplies natural gas to business customers under various contract structures. Pricing references market indices including VTP Heren Day-Ahead Index plus a spread, and balancing gas prices. The company manages gas capacity nominations, seasonal capacity allocation, and storage nominations for customers.
- Electricity Trading and Supply: E2 Hungary supplies electricity to business customers. Pricing references HUPX DA (Hungarian Power Exchange Day-Ahead) plus a spread. The company handles capacity management and customer metering for electricity delivery.
- Energy Efficiency Services: E2 Hungary provides energy efficiency advisory services including energy audits, energy expert (szakreferens) services, and E2 audit+ programs, which complement the core energy supply business.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Annual | Business Energy Supply (Gas and Electricity) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
E2 Hungary product offering
Product offeringCore offering
E2 Hungary Zrt. is a Hungarian energy trading and supply company that provides bundled natural gas and electricity to business customers across multiple economic sectors. Operating since January 1, 2016 as a 50-50 joint venture between MET Holding AG and Magyar Telekom Nyrt., the company serves over 4,000 business customers with a one-stop procurement solution that combines market-indexed energy pricing (VTP Heren DAV for gas, HUPX DA for electricity) with capacity management, nominations, and energy efficiency advisory services.
Product overview
E2 Hungary Zrt. (a MET Csoport member company) is an energy trading and supply company serving the Hungarian business-to-business (B2B) energy market. The company offers a single unified service combining natural gas and electricity trading and supply as its core products, complemented by energy efficiency consulting, a web-based capacity nomination platform, and regulated trading codes (Natural Gas Trading Regulations and Electricity Trading Regulations) governing commercial terms. The portfolio is delivered under a unified brand, with all services designed for business customers seeking to procure energy through a single provider.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Trading and Supply (Földgáz-kereskedelem és szolgáltatás) Core B2B offering providing natural gas procurement and supply to commercial and industrial customers across Hungary, with market-indexed pricing (VTP Heren Day-Ahead Index plus spread), capacity nomination management, balancing gas, and seasonal/annual storage nominations.
- Electricity Trading and Supply (Villamosenergia-kereskedelem és szolgáltatás) Core B2B offering providing electricity procurement and supply to business customers in Hungary, priced against HUPX DA (Hungarian Power Exchange Day-Ahead) plus a spread, with capacity management, settlement, and grid connection obligations handled by E2.
- Energy Efficiency Consulting Services (Energetikai szakreferens szolgáltatás) Advisory and regulatory-compliance service for business clients, including energy expert (szakreferens) services to meet Hungarian energy efficiency obligations and ongoing energy efficiency consulting.
- Energy Audit / E2 audit+ (Energetikai audit) Energy audit services, including the enhanced E2 audit+ offering, that help business clients evaluate their energy consumption profile, identify efficiency opportunities, and optimize energy use.
- Capacity Nomination and Seasonal Certification Service Operational service enabling business customers to submit annual seasonal certifications, capacity nominations, extra-capacity requests, and gas-day nominations through a web interface, in compliance with Hungarian regulatory standards.
- Short-term Capacity Booking Service (Rövidtávú kapacitás-lekötés) Service for managing short-term (gas-day, monthly, quarterly) capacity bookings on the Hungarian gas transmission system, with defined regulatory deadlines for capacity nomination.
Quantifiable outcome
- Serving over 4,000 business customers in Hungary since founding in 2016, establishing E2 Hungary as a leading player in the business energy market.
Companies that use E2 Hungary
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
E2 Hungary technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
E2 Hungary partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- MET Holding AG (MET Csoport)flagshipMET Holding AG is the majority parent company of E2 Hungary, holding a 50% stake alongside Magyar Telekom. MET is a Swiss-based integrated energy company operating in 10 countries, active in 19 gas markets and 22 international trading points, with 2014 revenues approaching 4 billion euros. MET contributes its energy market expertise and trading capabilities to E2 Hungary. MET Csoport 2007-ben Magyarországon alapított, ma már 10 országban jelen lévő energiakereskedő cég. A partnerség a MET és a Magyar Telekom 2013-as stratégiai megállapodásán alapul.
- Magyar Telekom Nyrt.flagshipMagyar Telekom Nyrt. is a 50% co-owner of E2 Hungary alongside MET Holding AG. Magyar Telekom is Hungary's largest telecommunications company (majority owned by Deutsche Telekom AG at 59.2%), providing ICT services nationwide. Magyar Telekom contributes its customer service experience and established B2B relationships to the E2 partnership. The partnership is based on the strategic agreement between Magyar Telekom and MOL (40% owner of MET) from summer 2013.
Scale indicators2 records
Recent moves7 records
Expansion highlights6 records
E2 Hungary competitors and assessment
Company assessmentBroad incumbents
- BP Energy (BP plc): Global energy trading and marketing arm of BP, supplying gas and power to utilities, refiners, and large industrial consumers across Europe. Comparable through its wholesale and structured C&I supply proposition; broader in scale and geography than E2 Hungary.
- Axpo Solutions AG: Swiss-based electricity producer and energy trader serving C&I customers across Europe. Comparable through its B2B energy supply/trading proposition and index-linked pricing approach, although operating across multiple jurisdictions rather than a single market.
- Shell Energy Europe: Wholesale gas and power trading and supply business of Shell, selling energy to large C&I customers and utilities across Europe. Operates a similar index-linked B2B supply model at much larger scale and serves similar customer profiles to E2 Hungary's enterprise accounts.
- Alpiq Holding AG: Swiss integrated energy company active across European wholesale energy trading, C&I supply and renewable generation. Comparable on the trading-and-supply capability and asset-light B2B energy marketing motion that E2 Hungary executes at smaller scale inside Hungary.
- E.ON Hungária: Integrated Hungarian utility arm of E.ON group, supplying gas and electricity to retail and business customers nationwide. While it also operates regulated networks and residential supply, its C&I business overlaps directly with E2 Hungary's core market and remains the dominant incumbent competitor.
Others
- MOL Hungary (MOL Plc): Hungarian integrated oil and gas major that holds a 40% stake in MET Group (and thus indirectly in E2 Hungary). Not a direct competitor in retail B2B supply, but a strategic shareholder and upstream gas supplier whose commercial priorities and gas-production portfolio materially influence E2 Hungary's procurement economics.
Emerging players
- MET Energy Trading AG: Swiss-based trading arm of MET Group and E2 Hungary's 50% parent. Comparable in that it sells wholesale and structured gas/power products to European counterparties; diverges in that it operates cross-border rather than domestic retail, and E2 Hungary is essentially its captive Hungarian retail delivery vehicle.
Direct peers
- CYEB Energiakereskedő: Hungarian competitive gas and electricity trading company serving business customers. Operates in the same MEKH-licensed competitive supply market as E2 Hungary, with similar B2B focus and product structure (gas + electricity supply, energy advisory).
- MVM Partner: Hungarian state-backed competitive energy supplier offering natural gas and electricity to C&I business customers. Directly competes head-to-head with E2 Hungary in the Hungarian B2B energy market under the same MEKH regulatory regime.
Regional players
- CEZ Magyarország: Hungarian subsidiary of Czech integrated utility ČEZ Group, active in electricity generation, trading and supply in Hungary. Comparable as a regional C&I energy supplier competing for the same large-business accounts, though larger and more generation-tilted than E2 Hungary.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
E2 Hungary social profiles
Digital presenceE2 Hungary financial estimates
Financial estimateRevenue estimate
Valuation estimate
E2 Hungary leadership team
Management profileNumber of profiles
Profiles2 records
E2 Hungary funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
E2 Hungary M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about E2 Hungary
What does E2 Hungary do?
E2 Hungary Zrt. is a Hungarian energy trading and supply company that provides bundled natural gas and electricity to business customers across multiple economic sectors. Operating since January 1, 2016 as a 50-50 joint venture between MET Holding AG and Magyar Telekom Nyrt., the company serves over 4,000 business customers with a one-stop procurement solution that combines market-indexed energy pricing (VTP Heren DAV for gas, HUPX DA for electricity) with capacity management, nominations, and energy efficiency advisory services.
Is E2 Hungary a public or private company?
E2 Hungary is a private company. It is classified as corporate owned and is currently operating.
When was E2 Hungary founded?
E2 Hungary was founded in 2016. It employs 101 to 250 people.
Where is E2 Hungary based?
E2 Hungary is headquartered in Budapest, Hungary, in the Europe region.
How does E2 Hungary make money?
Three revenue lines are on record. Natural Gas Trading and Supply is the primary driver. The others are electricity Trading and Supply and energy Efficiency Services.
Who are E2 Hungary's main competitors?
Broad incumbents on record are BP Energy (BP plc), Axpo Solutions AG, Shell Energy Europe, Alpiq Holding AG and E.ON Hungária. MOL Hungary (MOL Plc) is listed as an others. MET Energy Trading AG is listed as an emerging player. Direct peers are CYEB Energiakereskedő and MVM Partner. CEZ Magyarország is listed as a regional player.
Does E2 Hungary have an API?
No public API is recorded for E2 Hungary.
What industry is E2 Hungary in?
E2 Hungary's product category is Business Energy Supply. Its primary akta.pro industry code is EUAGAGAE, C&I Natural Gas Supply & Procurement, with a secondary code of EUAGACAK, C&I Multi-Site & Cross-Border Supply (Portfolio/Meter Management). Its NAICS code is 2212 and its SIC code is 4932.