The national group of Hungarian electricity companies – MVM Group – includes MVM Hungarian Electricity Ltd. and companies managed by it. The group of companies, being a competitive strategic holding, is the principal integrated participant of the national electricity market and plays a significant role in the regional electricity industry as well.
MVM Group has been operating as a recognized group of companies since 1 June 2007. Being a legal institution, the parent company, MVM Ltd., coordinates at the group level all business activities of all daughter companies by means of an efficiently operating, integrated management system. Despite the fact that MAVIR Ltd. Hungarian Transmission System Operator Company is a member of the group of companies from the ownership point of view, it is still not a part of a recognized group of companies due to its special situation.
Being a state-owned group of companies, MVM plays an important role in the implementation of the state’s responsibility in the area of supporting the achievement of targets relating to energy policy.