Khmelnitskoblenergo

What Khmelnitskoblenergo does

JSC Khmelnitskoblenergo (AT Khmelnytskoblenergo) is a regulated electricity Distribution System Operator (DSO) serving consumers across Khmelnytskyi Oblast in western Ukraine. Founded in 1998 and listed on the Ukrainian stock exchange (UX:HMON), the company operates under the oversight of the National Energy and Utilities Regulatory Commission (NKREKP/NEURC) and is a subsidiary of state-owned AT "Ukrainian Distribution Grids" (URM). The company owns and operates electrical grid infrastructure at 0.22-110 kV voltage levels, organized into six district power networks (REM)—Shepetivskyi, Starokostiantynivskyi, Khmelnytskyi, Letychivskyi, Horodotskiy, and Kamianets-Podilskyi—with 20+ branch offices providing full oblast coverage. As a natural monopoly within its service territory, it is the exclusive distributor of electricity to residential and non-residential consumers, with over 360 registered electricity suppliers operating under distribution service agreements.

Core revenue is generated through regulated electricity distribution tariffs approved by NEURC, supplemented by ancillary services: connection/disconnection fees (438-3,942 UAH per service depending on voltage level), meter testing and calibration (192-444 UAH per device), licensed vocational training through the company Training Center (300-5,340 UAH per course), and a portfolio of scientific-technical products including mobile and stationary transformer verification laboratories, energy audit laboratories, and proprietary reference transformers (TC(p)-05/06/012, TN(p)-6/10/35/110) manufactured in-house for 20+ years and sold to power industry operators, railways, and metrology centers. Consumer-facing digital channels include the KhmEnergo chatbot (Telegram/Viber), SMS-POKAZ meter reading service, and Personal Account online portal.

Go-to-market is direct-to-consumer through the district network infrastructure, customer service centers, and a 24/7 call center. The company is currently executing a flagship €13M French Government grant-funded grid modernization project with EDF International Networks (agreed July 2025), upgrading networks to 20 kV EU standards, digitizing substations, and deploying fiber-optic telemetry to improve reliability for approximately 19,000 consumers. The company also operates ancillary facilities including the Strum recreation-sports complex and the Energetyk dormitory. Headcount is 1,001-5,000 employees. In 2020, the company increased net profit 70.3% YoY and contributed approximately 0.5 billion UAH to the state budget in taxes and dividends, and ranked first in the 2020 INEKO Activity Ratio rating.

Name

Khmelnitskoblenergo

Legal name

Акціонерне товариство «Хмельницькобленерго»

Website

https://hoe.com.ua

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

JSC Khmelnitskoblenergo is a regulated Ukrainian electricity Distribution System Operator serving residential, commercial, and industrial consumers across Khmelnytskyi Oblast under NKREKP oversight, with six district networks and ancillary scientific-technical, training, and recreational service lines.

Ownership category

akta.pro rank

Product category

Electricity Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Power, Distribution & Specialty Transformers (3612), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

akta.pro secondary industries

Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF), High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA), SCADA & Telemetry Software (Control Center) (EUADAEAD), Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

Keywords

• Electricity distribution
• Power grid operations
• Metering services
• Utility services
• Energy infrastructure

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Distribution Services: Regulated electricity distribution services to approximately 19,000 consumers in Khmelnytskyi region, operating under distribution tariffs regulated by NKREKP (National Energy and Utilities Regulatory Commission). This is the core business of the company as a Distribution System Operator (DSO).
2. Connection and Disconnection Services: Charged services for connection and disconnection of electrical installations at various voltage levels (0.22-110 kV), including standard and non-standard connections
3. Meter Testing, Calibration and Repair: Laboratory services for testing, calibration, verification and repair of electricity meters and measuring transformers, including both stationary and mobile laboratory services
4. Training Services: Licensed educational services including occupational safety training, professional-technical training for electrical workers, and specialized courses through the company's Training Center (Навчальний центр)
5. Recreation and Sports Complex 'Strum': Health and sports recreation services including accommodation, swimming pool, medical procedures, sports facilities, and event hosting at the company's recreational complex in Zhylintsi village
6. Technical and Scientific Products: Manufacturing and sale of electrical testing equipment including reference transformers, current and voltage sources, and calibration systems for power industry organizations

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

JSC Khmelnytskoblenergo is a regulated electricity distribution system operator (DSO) that distributes electricity to approximately 19,000 residential and non-residential consumers across the Khmelnytskyi region of Ukraine through six district power networks (REM) and more than 20 branch offices. Beyond distribution, the company offers connection/disconnection services, commercial metering (installation, verification, remote reading via ASKOE), licensed training, a recreation complex, and manufactures proprietary calibration laboratories and electro-technical measurement equipment for the power industry.

Product overview

AT Khmelnytskoblenergo is a regional electricity distribution operator providing comprehensive electricity distribution services to consumers in Khmelnytsky region, Ukraine. The core offering centers on electricity distribution services with supporting commercial metering services (meter installation, verification, parameterization, remote reading via ASKOE system). Consumer-facing digital services include the KhmEnergo chat-bot (Telegram/Viber), SMS-POKAZ meter reading service, and Personal Account online portal. The company also operates scientific-technical divisions producing transformer verification and energy audit laboratories and electro-technical measurement equipment (current/voltage transformers, calibration sources). Additional services include a licensed Training Center for occupational safety education, the Strum sports/recreation complex, and the Energetyk dormitory. The €13 million EDF International Networks partnership (2025) is financing grid modernization to EU standards with smart metering pilots.

Differentiator

Problem solved

Functional benefit

Brands

• ОСК СП «Струм»: Health and sports complex located in Zhlyntsi village, Khmelnytskyi region, offering accommodation, medical procedures, sports facilities, and rehabilitation services for company employees and external guests.

Products and services

• Electricity Distribution Services Regulated distribution of electricity to residential and non-residential consumers in the Khmelnytskyi region via six district power networks (REM) operating at 0.22–110 kV, billed under NKREKP-approved tariffs.
• Connection and Disconnection Services Fee-based electrical installation connection and disconnection services at voltage levels 0.22–110 kV, including standard and non-standard connections, plus meter sealing/unsealing, priced 438–3,942 UAH per action.
• Commercial Metering Services Installation, replacement, parameterization, verification and remote reading of electricity meters via the ASKOE system; single-phase meter installation 1,572 UAH, three-phase 2,922–3,552 UAH, meter testing 192–444 UAH per device.
• Transformer Verification Laboratory Services Mobile and stationary laboratory services for calibration, verification and testing of current and voltage transformers (0.4–110 kV) using proprietary reference equipment; serves power industry, railways and metrology centers.
• Energy Audit Laboratory Services Mobile electro-technical laboratory auditing power transformers in 6–10 kV distribution networks, measuring no-load losses, short-circuit losses, transformation ratio, and performing thermographic inspection (2,412–4,062 UAH) and chromatographic oil analysis (3,564 UAH).
• Electro-Technical Measurement Equipment Manufacture and sale of proprietary current transformers (TC(p)-05/06/012), voltage transformers (TN(p)-6/10/35/110), current sources (DS-720/3600/6000 up to 6000A) and voltage sources for verification and calibration applications across the power industry.
• Training Center Services Licensed professional-technical training in occupational safety, fire safety, electrical work, crane operation and other qualifications; courses priced 420–5,340 UAH per course.
• Sports and Recreation Complex 'Strum' Health and sports recreation services at the company's Strum complex in Zhylintsi village, including accommodation (luxury 1,500–2,500 UAH/night, standard 600–2,000 UAH/night), swimming pool, sports grounds, medical procedures (60–250 UAH) and event hosting for employees and external guests.
• Dormitory 'Energetyk' Accommodation Accommodation services for company employees and external guests with multiple room types and pricing tiers at the Energetyk dormitory.

Quantifiable outcome

• Grid modernization to 20 kV EU standards improves power supply reliability for approximately 19,000 consumers
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• TAIEX (Technical Assistance and Information Exchange Instrument)coreStrategic or Co-development Partner · 16 July 2026TAIEX (Technical Assistance and Information Exchange Instrument) is an EU mechanism supporting modernization of Ukrainian energy sector. Through this program, international technical experts including Jerome Betton de Ceze (advisor to Deputy Minister of Energy on European Integration) visited Khmelnytskoblenergo to exchange experience on smart metering implementation and electrical grid modernization.
• EDF International NetworkscoreStrategic or Co-development Partner · 4 July 2025EDF International Networks is implementing a €13 million electricity grid modernization project in Ukraine under an intergovernmental agreement between Ukraine and France. The project involves upgrading networks to 20 kV voltage to EU standards, modernizing and digitizing substations, and deploying fiber-optic telemetry systems to improve power supply reliability for approximately 19,000 consumers. This is a flagship modernization initiative funded entirely by a French Government grant.
• Ukrainian Distribution Grids (АТ «Українські розподільні мережі»)coreOthersUkrainian Distribution Grids (УРМ) is the parent holding company overseeing distribution system operators in Ukraine. Khmelnytskoblenergo operates under the УРМ structure, which coordinates regulatory compliance, modernization strategies, and inter-company cooperation. The Supervisory Board of УРМ engages with NKREKP on regulatory matters including RAB regulation development.
• Institute of Electrodynamics of the National Academy of Sciences of UkraineminorStrategic or Co-development PartnerScientific partner in research and practical implementation of mobile calibration laboratory developments for power industry equipment.
• NTU «Kyiv Polytechnic Institute»minorStrategic or Co-development PartnerAcademic partner collaborating on scientific research and development of electrical measurement and calibration technologies.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Others

• Schneider Electric: Global energy management and grid automation vendor relevant as a peer technology ecosystem player for distribution grid modernization, SCADA, and metering systems used by Ukrainian DSOs.
• EDF International Networks: French utility operating distribution networks globally and serving as Khmelnitskoblenergo's modernization partner. Compares as a global DSO operator with relevant expertise in EU-standard distribution infrastructure and smart metering.
• GE Vernova: Global grid equipment and services supplier in exploratory cooperation with URM. Relevant as a technology/equipment provider shaping grid modernization paths available to Ukrainian DSOs including Khmelnitskoblenergo.

Direct peers

• Zakarpattiaoblenergo: Regional DSO serving Zakarpattia Oblast under URM holding. Direct peer as a Ukrainian regional distribution system operator with comparable scale, customer base size, and regulatory context.
• Vinnytsiaoblenergo: Regional DSO serving Vinnytsia Oblast under URM holding. Comparable scale and identical regulatory framework; useful peer for benchmarking operational and financial performance.
• Chernivtsioblenergo: Regional DSO serving Chernivtsi Oblast under URM holding. Same business model, regulatory regime, and service-territory structure as Khmelnitskoblenergo, making it a closely comparable Ukrainian oblenergo.
• Lvivoblenergo: Regional DSO serving Lviv Oblast under URM holding. Closest direct peer—same regulatory framework, same parent holding, comparable scale and operating model as a Ukrainian oblenergo.
• Poltavaoblenergo: Regional DSO serving Poltava Oblast under URM holding. Comparable Ukrainian oblenergo with similar regulatory framework, regional monopoly structure, and modernization profile.

Broad incumbents

• DTEK: Largest private energy holding in Ukraine, vertically integrated across generation, distribution, and retail. Direct comparison as a Ukrainian distribution peer, though DTEK operates at national scale while Khmelnitskoblenergo is a regional DSO under URM.
• Ukrenergo: Ukrainian transmission system operator managing high-voltage trunk grid; counterpart to Khmelnitskoblenergo at the transmission layer. Relevant peer for understanding Ukrainian power system context and regulatory interface with NEURC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/khmelnytskoblenergo

Compliance1 record

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 Khmelnitskoblenergo