Elektro Doboj

What Elektro Doboj does

Elektro Doboj (ОДС "Електро Добој" а.д. Добој) is a regulated electricity distribution system operator (ODS) headquartered in Doboj, Republika Srpska, Bosnia and Herzegovina. Founded on April 1, 1977, and transformed into a joint stock company in 2005, it operates as one of five distribution entities within the MH Elektroprivreda RS (Mixed Holding ERS) group, distributing electricity through owned medium-voltage (SN) and low-voltage (NN) networks to all consumers in its designated service area across six working units (Doboj, Modriča, Teslić, Šamac, Brod, Derventa). The company serves a horizontal customer base split between household consumers (domaćinstva) and commercial/industrial customers at varying voltage levels, with no ability to choose an alternative distributor within the concession.

The company's core product is regulated electricity distribution, supported by an evolving smart-metering infrastructure (daljinsko očitavanje) and an online customer portal ("Moj račun", "Moja potrošnja", "Moje pametno brojilo") for account management, consumption monitoring, and remote meter reading. Supplementary services include electricity connection approvals for new customers/production facilities and non-standard services such as meter certification, calibration, and testing under a publicly published price list. Technical assets are certified to ISO 9001:2015 and ISO 14001:2015 standards.

Elektro Doboj's revenue model is regulated by the Energy Regulatory Commission of Republika Srpska (REERS). The primary revenue stream is the distribution network usage fee (network tariff), supplemented by regulated connection fees and unit-priced non-standard services. Approved costs for distribution losses were 50,998,017 KM in 2022 and 54,919,436 KM in 2024. The company is publicly listed on the Banja Luka Stock Exchange (BLSE: ELDO.R.A) since 2013, with parent MH ERS coordinating strategic decisions and capital approvals across the group. Its 2024-2033 ten-year development plan anchors the infrastructure investment pipeline.

Name

Elektro Doboj

Legal name

Оператер дистрибутивног система "ЕЛЕКТРО ДОБОЈ" акционарско друштво Добој

Website

https://elektrodoboj.net

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

251–500 employees

Short description

Elektro Doboj is a regulated electricity distribution system operator (ODS) in Republika Srpska, Bosnia and Herzegovina, serving households and commercial/industrial consumers across six working units within the MH Elektroprivreda RS group.

Ownership category

akta.pro rank

Product category

Electricity Distribution

NAICS

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

SIC

Electric Services (4911)

akta.pro primary industry

Distribution Network O&M (MV/LV Lines, Switchgear, Transformers) (EUAEAGAE)

akta.pro secondary industry

Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM)

Keywords

• Electricity distribution services
• Distribution system operator
• Power network operator
• Smart meter services
• Regulated utility services

Headquarters

HQ city

Doboj

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations

Revenue model

1. Distribution Network Usage Fee: Revenue from regulated fees for using the electricity distribution network. The fee is set by the Regulatory Commission for Energy of Republika Srpska through tariff procedures. This is the primary revenue stream as a distribution system operator.
2. Connection to Distribution Network Fees: Fees charged for connecting new customers or facilities to the electricity distribution network, determined by the regulatory framework
3. Non-Standard Services: Fees for non-standard services including meter certification, testing, and other auxiliary services listed in their service price catalog (Cjenovnik usluga)
4. Electricity Sales for Distribution Losses: Revenue from electricity purchases to cover distribution network losses, which is factored into the regulated tariff structure. The 2022 approved costs were 50,998,017 KM, with 2024 realized costs at 54,919,436 KM.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Elektro Doboj is a regulated electricity distribution system operator (ODS) that delivers electrical energy through its owned medium and low voltage network infrastructure to households, businesses, and industrial customers in its designated service area in Republika Srpska, Bosnia and Herzegovina. The company provides connection services for new customers, smart meter and remote reading services, meter certification and calibration, and operates an online customer portal for account management and consumption monitoring. It is one of five distribution companies within the MH Elektroprivreda RS group, with tariffs regulated by the Energy Regulatory Commission of Republika Srpska.

Product overview

Elektro Doboj operates as a distribution system operator (ODS) providing electricity distribution services across Republika Srpska, Bosnia and Herzegovina. The company offers a unified portfolio centered on electricity distribution, supplemented by online customer services including account management, consumption monitoring, and smart meter reading capabilities. The core product is the electricity distribution network infrastructure, with customer-facing digital services including the online portal for account access, smart meter readings, and remote meter reading functionality. Services for electrical connection approvals and meter servicing round out the offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Services
• Online Customer Portal (Moj račun / Moja potrošnja)
• Smart Meter Self-Service (Moje pametno brojilo)
• Electricity Connection Services
• Meter Certification and Calibration Service

Quantifiable outcome

• Over 90 years of electrification tradition
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• MH Elektroprivreda RS (MH ERS) - Mixed HoldingcoreStrategic or Co-development PartnerParent company (Matixno preduzece) that owns Elektro Doboj. The mixed holding company coordinates business policy, strategic planning, and provides oversight of subsidiary distribution companies including Elektro Doboj. All major decisions require parent company approval including capital increases, property transactions, and business combinations.
• Regulatory Commission for Energy of Republika Srpska (REERS)coreOthersRegulatory body that sets distribution tariffs, approves revenue requirements, and oversees compliance of distribution system operators. Elektro Doboj operates under regulatory frameworks set by REERS including tariff methodology and quality standards.
• ElektrokrajinaminorOthersRelated electricity distribution company within the MH ERS group network. Listed as a related entity in the company's partner links section.
• Elektro-BijeljinaminorOthersRelated electricity distribution company within the MH ERS group network. Listed as a related entity in the company's partner links section.
• Elektrodistribucija PaleminorOthersRelated electricity distribution company within the MH ERS group network. Listed as a related entity in the company's partner links section.
• Elektro-HercegovinaminorOthersRelated electricity distribution company within the MH ERS group network. Listed as a related entity in the company's partner links section.
• Hydropower Plants on Trebišnjica (HET)minorOthersHydroelectric generation company within MH ERS group, linked as a related entity in the company's partner links section.
• Hydropower Plants on Drina (HENaDrini)minorOthersHydroelectric generation company within MH ERS group, linked as a related entity in the company's partner links section.
• Hydropower Plants on Vrbas (HENAVrbasu)minorOthersHydroelectric generation company within MH ERS group, linked as a related entity in the company's partner links section.
• Coal Mine and Thermal Power Plant UgljevikminorOthersThermal generation facility within MH ERS group, linked as a related entity in the company's partner links section.
• UNDP (United Nations Development Programme)minorStrategic or Co-development PartnerUNDP funded electrification projects in the Brod area for households in return settlements (Liješće, Koraće, Novo Selo) including 10kV power lines, transformer stations 10/0.4kV, and low voltage networks. Total donation value was 64,073.76 KM excluding VAT.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Elektrodistribucija Pale: A fifth DSO within the MH ERS group, operating in the eastern RS region. Provides a direct comparison on regulatory revenue, scale, and operational performance versus Elektro Doboj.
• Elektro-Bijeljina: Sister distribution company within MH ERS, licensed DSO for a different region of Republika Srpska. Mirrors Elektro Doboj's business model, regulatory exposure, and infrastructure footprint.
• Elektro-Hercegovina: The fifth DSO within the MH ERS holding, serving the Herzegovina region. Closely comparable in business model, regulatory exposure, and customer mix to Elektro Doboj.
• Elektrokrajina: Another electricity distribution system operator within the MH ERS group, serving another territory of Republika Srpska. Operates under the same regulatory framework and parent holding, making it the closest structural and operational peer to Elektro Doboj.

Broad incumbents

• HEP-Operator distribucijskog sustava (HEP ODS): Croatian distribution system operator within HEP Group. A larger, more established incumbent DSO in a neighboring EU member state, providing a benchmark for regulatory and operational maturity in the regional electricity distribution sector.

Regional players

• Elektrodistribucija Srbije (EDS): The Serbian national electricity distribution operator (part of EPS group). Operates an analogous regulated DSO model in the wider Western Balkans, making it a useful regional benchmark for tariff structure, network capex, and operational scale.
• CGES (Crnogorski elektrodistributivni sistem): Montenegrin electricity distribution operator. Comparable regulated DSO at smaller scale, useful for understanding regional network performance and tariff outcomes in similar Western Balkan markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ZPElektroDoboja.d.Doboj

Compliance2 records

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 Elektro Doboj