RADPEC SA

What RADPEC SA does

RADPEC SA (full legal name: Radomskie Przedsiębiorstwo Energetyki Cieplnej "RADPEC" Spółka Akcyjna) is a publicly listed Polish district heating utility, founded in 1966 and headquartered at ul. Żelazna 7 in Radom, Masovian Voivodeship. As the sole regulated heat producer and distributor in its service territory, RADPEC generates thermal energy from WR-25 coal-fired boilers at two facilities — Ciepłownia Północ (ul. Holszańska) and Ciepłownia Południe (ul. Żelazna) — and distributes it via a municipal pre-insulated pipe network through 194 individual and 21 group heat exchange stations. The company completed a major Flue Gas Treatment Installation project (PLN 150 million BGK-financed) in 2022-2023 to comply with EU IED Directive and BAT Conclusions, achieving sevenfold SO2, twofold NOx, and over fivefold dust emission reductions.

The company's core product is regulated district heat supply, billed on usage-based single-component net tariffs approved by the President of the Polish Energy Regulatory Office (URE), with prices ranging from 142.22 to 160.25 PLN/GJ across customer groups (Grupa A, Bi, Bg, C) as of 31 May 2026. RADPEC serves three customer segments in Radom: residential households (the largest group), industrial and commercial entities, and institutional/public-sector customers including schools and the State Fire Service. Distribution is conducted directly through physical service points, the Electronic Customer Service Office (eBOK) portal, electronic applications (e-Wnioski), and a 24/7 Heating Emergency Service hotline. Since February 2026, all invoices are issued through Poland's National e-Invoice System (KSeF).

RADPEC's business model is that of a regulated natural monopoly: revenue is generated almost entirely from heat sales under URE-approved tariffs, with a brief 2022-2023 supplementary revenue stream from distribution of government-subsidized Polish coal (sourced from Polska Grupa Górnicza) to Radom residents. The company is publicly traded (ticker RDP) with ongoing share dematerialization extending to 29 February 2028 and a squeeze-out mechanism for minority shareholders. Recent strategic activity centers on the 'RADPEC 2023+' development program, the cogeneration block construction project, ongoing network modernization, and digital service expansion through eBOK and KSeF integration.

Name

RADPEC SA

Legal name

Radomskie Przedsiębiorstwo Energetyki Cieplnej "RADPEC" Spółka Akcyjna

Website

https://radpec.com.pl

Company type

Public

Founded year

1966

Operating status

Operating

Headcount range

11–50 employees

Short description

RADPEC SA is a publicly listed Polish district heating utility founded in 1966, generating and distributing regulated coal-fired heat to residential, institutional, and commercial customers in Radom through a municipal pipe network and 215 heat exchange stations.

Ownership category

akta.pro rank

Product category

District Heating

NAICS

Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro industry

PRIMARYEUACAAAN

Coal-to-Power with CHP / District Heating (Coal Cogeneration)

Energy, Utilities & Environment/Electric Power Generation/Coal-Fired Power Generation

SECONDARYEUACAKAH

District Energy & Community CHP (District Heating/Cooling Networks)

Energy, Utilities & Environment/Electric Power Generation/Combined Heat & Power (CHP) / Cogeneration

Keywords

• District heating services
• Thermal energy supply
• Heat generation distribution
• Municipal heating network
• Heat exchange stations

Headquarters

HQ city

Radom

HQ country

Poland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. District Heat Sales (regulated tariff): Revenue from the sale of thermal energy to residential, institutional, and industrial customers under a regulated tariff approved by the President of the Energy Regulatory Office (URE). The tariff covers multiple customer groups (Grupa A, Bi, Bg, C) with single-component heat prices ranging from 142.22 to 160.25 zł/GJ net as of May 2026.
2. Coal Distribution: RADPEC acted as a distribution point for preferential coal sales to residents of Radom under government subsidy programs (2022-2023), sourcing Polish coal from Polska Grupa Górnicza.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

RADPEC SA is a regulated district heating utility that generates thermal energy from coal-fired boilers at two heating plants and distributes it through a municipal pre-insulated pipe network to residential, commercial, and institutional customers in Radom, Poland. The company operates under a URE-regulated tariff with single-component heat prices ranging from 142.22 to 160.25 zł/GJ net across customer groups. Supporting the core utility operation are digital customer service platforms (eBOK and e-Wnioski) and technical connection services for new buildings.

Product overview

RADPEC SA is a district heating company operating as a single unified product offering centered on heat production and distribution services. The core offering consists of heat production from coal-fired boilers at two heating plants (Ciepłownia Północ and Ciepłownia Południe), distribution through the municipal heating network, and direct supply to residential, institutional, and industrial customers. Supporting digital services include eBOK (Electronic Customer Service Office) for 24/7 account management and the e-Wnioski system for electronic applications. The company also provides technical documentation services including guidelines for heating network design and construction, and operates under regulatory heat tariffs approved by the Energy Regulatory Office.

Differentiator

Problem solved

Functional benefit

Products and services

• District Heat Supply (Dostarczanie ciepła) Supply and distribution of thermal energy through the municipal heating network to residential, institutional, and industrial customers in Radom under a URE-regulated tariff.
• Heat Production (Produkcja) Generation of thermal energy through coal-fired WR-25 boilers at two heating plants (Ciepłownia Północ and Ciepłownia Południe) with Flue Gas Treatment Installations for emission control.
• District Heating Network (Sieci ciepłownicze) Operation and maintenance of municipal district heating infrastructure, including 30.73 km of pre-insulated pipe networks with PLUS insulation and impulse alarm signaling, 194 individual heat exchange stations, and 21 group heat stations.
• Electronic Customer Service Office (eBOK) Electronic customer service portal providing 24/7 access to account management, invoice visualization (PDF), consumption data, and online request submission for residential, commercial, and institutional customers.
• Electronic Applications System (e-Wnioski) Online platform enabling customers to submit electronic requests for heat connection, disconnection, and installation hydration.
• Heat Connection Services (Przyłączenie do sieci) Connection of new buildings to the municipal heating network, including design and construction of heating connections for residential, commercial, and institutional customers.
• Heat Tariff Services (Taryfa) Official heating pricing and tariff structures regulated by the President of the Energy Regulatory Office (URE), with single-component net heat prices ranging from 142.22 to 160.25 zł/GJ across customer groups A, Bi, Bg, and C.

Quantifiable outcome

• SO2 emissions reduced sevenfold after Flue Gas Treatment Installation
• +4 more outcomes

Named customers3 records

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

Three partnerships are on record, tiered minor and core.

• Polska Grupa Górnicza S.A. (PGG)minorChannel Partner/ Reseller/ Distributor · 9 December 2022RADPEC sourced Polish coal from Polska Grupa Górnicza (Mine: KWK Mysłowice-Wesoła) for distribution to Radom residents under the government preferential coal purchase program (2022-2023). Coal was sold at ~2,000 PLN/t and distributed from RADPEC's site.
• SBB ENERGY S.A.coreImplementation/ SI/ Consulting Partner · 24 August 2020SBB ENERGY S.A. (with 25+ years of experience in the energy and industry sector) was selected as the General Contractor for the 'Dostosowanie źródeł ciepła do wymagań Konkluzji BAT' (Adaptation of Heat Sources to BAT Requirements) project, covering both heating plants. The contract was signed on 24 August 2020.
• Miasto Radomia — Program 'RADPEC 2023+' / 'Miasto Przyjaznych Zmian'coreStrategic or Co-development Partner · 4 December 2017Strategic cooperation with the City of Radom under the 'RADPEC 2023+' and 'Miasto Przyjaznych Zmian' municipal initiative. Includes joint investments in heat connections, network modernization, and public infrastructure (fire station connections). The program is led by President Radosław Witkowski and includes 'Miasto Nowoczesne' (Modern City) as one of three pillars.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MPEC Kraków: Miejskie Przedsiębiorstwo Energetyki Cieplnej in Kraków is a municipal district heating operator with coal- and gas-fired CHP plants serving residential, institutional, and industrial customers under a URE-regulated tariff — closely comparable to RADPEC's regulated CHP/district heating business model.
• Veolia Energia Warszawa: One of Poland's largest district heating utilities, operating a URE-regulated municipal heat network in Warsaw with combined heat and power generation. Directly comparable to RADPEC in business model (regulated district heat) and customer mix (residential, institutional, industrial).
• Kogeneracja Wrocław: Polish CHP operator producing heat and electricity in Wrocław, with a publicly listed structure. Comparable to RADPEC in coal-fired CHP generation and URE-regulated heat distribution to municipal customers.
• Veolia Energia Łódź: Veolia's district heating subsidiary in Łódź, operating coal- and gas-fired CHP plants with regulated heat distribution. Directly comparable to RADPEC in regulated Polish district heating operations.
• Fortum Power and Heat Poland: Nordic-majority-owned district heating and CHP operator in Poland (including Częstochowa and Zabrze). Comparable to RADPEC in operating coal/biomass-fired CHP plants and URE-regulated heat distribution to municipal customers.
• MPEC Łódź: Municipal heat utility in Łódź operating coal-fired heating plants and a district heating network under URE regulation. Closely comparable in scale, customer mix, and regulatory framework to RADPEC.
• MPEC Wrocław: Municipal district heating utility in Wrocław generating heat from coal- and gas-fired CHP plants and supplying residential, commercial, and institutional customers under a regulated URE tariff — directly comparable to RADPEC's structure and customer base.

Broad incumbents

• Tauron Ciepło: Heat generation and distribution arm of the Tauron Group, operating district heating systems in southern Poland (e.g., Katowice, Tychy). Comparable to RADPEC in coal-fired CHP operations and URE-regulated tariff structure, though embedded in a larger multi-utility group.
• PGE Energia Ciepła: The largest district heating company in Poland and part of the state-owned PGE Group. Operates numerous CHP and heat-only plants across multiple cities under URE regulation. Broader scale and multi-city footprint, but same core business model (regulated coal/gas/bio-fired district heating).

Regional players

• Ciepłownictwo (Polska Grupa Kapitałowa): Polish state-owned district heating holding operating localized heat networks in smaller municipalities. Comparable to RADPEC in operating coal-fired municipal district heating under URE regulation, though at a smaller, multi-locality scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/radpec-sa

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 RADPEC SA