Khersonoblenergo

What Khersonoblenergo does

AT Khersonoblenergo is the licensed electricity Distribution System Operator (DSO) for Kherson Oblast, Ukraine, operating under exclusive territorial rights granted and regulated by the National Energy and Utilities Regulatory Commission (NEURC). The company does not own generation capacity; it purchases all electricity from the Wholesale Electricity Market of Ukraine and delivers it to residential, commercial, industrial, and producer customers via an installed base of 218 substations (19 at 154 kV and 199 at 35 kV), 5,200 power transformers, 25,461 km of overhead power lines, and 1,149 km of cable lines spanning a 28,500 km² service area. Physical service is delivered through 16 district electrical networks (REM), two Kherson-city customer service centers, and a contact center.

The company's revenue model is entirely that of a regulated DSO: tariffs for distribution services are set by NEURC under the stimulating regulation methodology, billed monthly, and supported by multi-year pre-approved investment programs and a five-year Distribution System Development Plan (2021-2025). Following Ukraine's 2018 Electricity Market Law, the company divested its supply function to a separate entity and rebranded from PrJSC 'EK Khersonoblenergo' to AT 'Khersonoblenergo'. It is privately held within the VS Energy International Ukraine group, an international energy conglomerate with Latvian investor participation. The company has invested in a unified digital consumer platform (Personal Account, Consumer, Connection, Contract, Employment, and Online Services cabinets), mobile apps, and messenger-based meter reading (Viber, Telegram), and is executing a multi-year transition to intelligent smart metering at Group A commercial sites, aligned with Ukraine's Smart Grid Concept through 2035 and EU legislation alignment.

Khersonoblenergo's service territory has been materially affected by the Russia-Ukraine war, with 77 settlements and 35,500+ consumers served by damaged substations and power lines. The company has publicly disclosed a minimum restoration funding requirement of UAH 318.3 million for key substations and UAH 747 million (January 2023) for minimum operational capacity, is receiving partial assistance from the Red Cross, and continues to seek international donor support. It holds an exclusive DSO license and ongoing NEURC approvals (most recently Resolution No. 1103 of 22.07.2025 amending the Code of Commercial Electricity Accounting). Leadership is anchored by Chairman of the Management Board Ihor Mykolayovych Safronov.

Name

Khersonoblenergo

Legal name

Акціонерне товариство «Херсонобленерго»

Website

https://ksoe.com.ua

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

AT Khersonoblenergo is the licensed electricity distribution system operator for Kherson Oblast, Ukraine, serving residential, commercial, industrial, and producer customers across 28,500 km² through 218 substations and over 25,000 km of power lines under NEURC-regulated tariffs. It is part of the VS Energy International Ukraine group.

Ownership category

akta.pro rank

Product category

Electricity Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF)

akta.pro secondary industries

Distribution Automation & SCADA / DMS Field Integration (EUAEACAD), Interconnection Hardware & Substation Integration (Transformers, Switchgear, Breakers, Metering) (EUAMAIAK)

Keywords

• Electricity distribution services
• Distribution system operator
• Power grid infrastructure
• Electricity transmission network
• Utility metering services

Headquarters

HQ city

Kherson

HQ country

Ukraine

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution Services: Regulated revenue from electricity distribution services provided through the company's distribution system, with tariffs set by the National Energy and Utilities Regulatory Commission (NEURC). The company operates as a Distribution System Operator (DSO) and does not own generation capacity; all electricity is purchased from the Wholesale Electricity Market of Ukraine.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Khersonoblenergo is the regulated Distribution System Operator (DSO) for Kherson Oblast, transmitting and distributing electricity across approximately 28,500 km² via 218 substations and over 26,600 km of overhead and cable power lines. It provides new-connection services, commercial electricity metering (Groups A and B), smart metering rollout, and online self-service portals for residential, commercial, industrial, and producer consumers, operating under tariffs approved by the National Energy and Utilities Regulatory Commission (NEURC).

Product overview

Khersonoblenergo operates as a distribution system operator (DSO) providing electricity distribution services across the Kherson region of Ukraine. The company offers a unified platform of online customer service portals enabling consumers to manage their electricity accounts, submit meter readings, apply for new connections, sign contracts, and access employment services. The core product portfolio consists of the Personal Account system with multiple specialized cabinets (Consumer Cabinet, Connection Cabinet, Contract Signing Cabinet, Employment Cabinet, Online Services Cabinet) all integrated within a single web infrastructure. Additional offerings include smart meter installation services aligned with Ukraine's smart grid implementation concept by 2035, and mobile applications for remote consumer access. The company does not have its own power generation and purchases all electricity from the Ukrainian Wholesale Electricity Market.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Services (Електророзподільні послуги)

Quantifiable outcome

• Serving 77 settlements and 35,500+ consumers with infrastructure damaged and requiring UAH 318.3 million for restoration

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Red Cross (Червоний Хрест)minorStrategic or Co-development Partner · 1 January 2026Khersonoblenergo received partial assistance from the Red Cross for the restoration of damaged energy facilities. The company continues to seek assistance from international partners for restoration of infrastructure damaged by Russian strikes.

Scale indicators8 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Odesaoblenergo: Regional DSO serving Odesa Oblast. Direct historical parent of Khersonoblenergo (which was spun off from VEO Odesaenergo in 1995); shares the same NEURC regulatory regime and customer segments, with comparable infrastructure scale.
• Zaporizhzhiaoblenergo: Regional electricity distribution company serving Zaporizhzhia Oblast under the same NEURC license regime. Closely comparable in business model (licensed DSO with district REM offices, regulated tariffs, similar customer segments) and faces similar war-related infrastructure damage in frontline oblast.
• Kyivoblenergo: Largest regional DSO in Ukraine serving Kyiv Oblast. Comparable on the same licensed-DSO business model and NEURC tariff framework; a leader on digital customer services and smart metering rollout, making it a relevant benchmark for Khersonoblenergo's modernization.
• Mykolaivoblenergo: Regional DSO serving Mykolaiv Oblast, neighboring Kherson. Direct peer with the same licensed-DSO model, similar voltage classes, and comparable war-affected operational conditions, making it the most natural performance and benchmark comparable.
• Lvivoblenergo: Regional DSO serving Lviv Oblast. Comparable as a licensed Ukrainian oblenergo under the same NEURC framework; useful as a non-war-affected benchmark for operational efficiency, capex execution, and digital service maturity.

Broad incumbents

• E.ON: Large European regulated distribution network operator. Comparable as a regulated DSO executing EU-driven smart-grid rollouts, providing a template for Khersonoblenergo's EU-alignment and 2035 smart-grid concept trajectory.
• DTEK: Largest private energy company in Ukraine, with significant electricity generation and distribution interests via oblenergos. Comparable because it operates regulated distribution in Ukrainian regions and faces the same NEURC tariff framework, war-related restoration needs, and EU-driven smart-grid modernization mandates.
• Ukrenergo: Ukrainian Transmission System Operator (TSO) managing high-voltage transmission and balancing the wholesale market. Comparable because it is a regulated Ukrainian grid operator interacting with Khersonoblenergo's distribution network at the transmission-distribution interface and shares the same NEURC regulatory regime.

Regional players

• CEZ Group: Central European vertically integrated utility with distribution operations in multiple CEE/EU jurisdictions. Comparable as a regulated DSO navigating EU-driven modernization, cross-border ownership structures, and regulated capex recovery.

Others

• VS Energy International: Latvian-domiciled parent/owner of Khersonoblenergo and several other Ukrainian oblenergos (including Odesa, Kyiv, Zhytomyr, Kirovohrad). Comparable as the corporate group sharing strategy, governance, and cross-DSO operational practices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

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 Khersonoblenergo