18 World’s Biggest Electric Companies in 2022
18
World’s Biggest Electric Companies– Based on the annual report of the company in 2022, there are 18
World’s Biggest Electric Companies. They are the king of electrification with billions
of dollars of total assets and net income in 2022.
On this day, all equipment
utilizes electric current. For example, the television you watch, the
refrigerator to store food, and electric-powered
vehicles. The benefits of electricity for human life are quite numerous. Among
other things, as a source of lighting, energy sources, heat generators,
entertainment facilities, motion generators, and others.
Electricity is an area consisting of positive charge (proton) and
negative charge (electron). An electric current is an electric charge that
moves from areas of high potential to areas of low potential through an
electric conductor. All humans depend on electricity to do their daily
activities. As a supplier of electricity, there are some of the biggest Electric
companies in the world. Here are the biggest electric companies that have
billions of assets and net income. We all know these companies because we need
electricity from these companies.
The Rank of 18 World’s Biggest Electric Companies Based of Net Income in 2022
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Rank |
Name of Company |
Revenue |
Revenue |
Net Income |
Net Income / (Net Loss) |
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Origin Currency |
US Dollar (USD) |
Origin Currency |
US Dollar (USD) |
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1 |
Iberdrola |
EUR 53.9 billion |
58.2 billion |
4.3 billion Euro |
4.6 billion |
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2 |
Southern Company |
USD 29.7 billion |
29.7 billion |
3.4 billion US Dollar |
3.4 billion |
|
3 |
Enel |
EUR 140 billion |
151 billion |
2.9 billion Euro |
3.1 billion |
|
4 |
National Grid |
GBP 21 billion |
26.4 billion |
2.6 billion Pound Sterling |
3.2 billion |
|
5 |
E.ON |
EUR 115 billion |
124 billion |
2.2 billion Euro |
2.3 billion |
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6 |
Exelon Corporation |
USD 19 billion |
19 billion |
USD 2.1 billion |
2.1 billion |
|
7 |
EnBW Energie Baden |
EUR 56 billion |
60 billion |
EUR 1.8 billion |
1.9 billion |
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8 |
Duke Energy |
USD 7.8 billion |
7.8 billion |
USD 1.6 billion |
1.6 billion |
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9 |
Chubu Electric Power Co |
JPY 3,986 billion |
26 billion |
JPY 38 billion |
0.25 billion |
|
10 |
Engie |
EUR 93.8 billion |
101 billion |
EUR 216 million |
233 million |
|
11 |
Tokyo Electric Power |
JPY 5,309 billion |
35 billion |
JPY 5.6 billion |
0.037 billion |
|
12 |
Huaneng Power International |
RMB 246 billion |
34 billion |
RMB 136 million |
19 million |
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13 |
The Kansai Electric Power Co |
JPY 39,518 billion |
265 billion |
JPY 176 million |
1.1 million |
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14 |
Kyushu Electric Power |
JPY 2,221 billion |
14.8 billion |
(JPY -56 million) |
(-0.375 million) |
|
15 |
SSE |
GBP 12.4 billion |
15.6 billion |
(GBP -75 million) |
(-81 million) |
|
16 |
General Electric |
USD 76 billion |
76 billion |
(USD -64 million) |
(-64 million) |
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17 |
Tohoku Electric Company |
JPY 3,007 billion |
20 billion |
(JPY -127 billion) |
(-0.85 billion) |
|
18 |
Electricite de France |
EUR 143 billion |
154 billion |
(EUR -17.9 billion) |
(-19 billion) |
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Source: Annual report, 2022 |
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Description: Origin Currency: Official Currency used at
The Annual Report of 2022 |
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1 Euro (EUR) = 1.08 US Dollar (USD) |
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1 Poundsterling (GBP) = 1.26 US Dollar (USD) |
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1 Japanese Yen (JPY) =0.0067 US Dollar (USD) |
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1 Yuan Renminbi (RMB) = 0.14 US Dollar (USD) |
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As additional data, here is the condition of the financial
position of 18 World’s Biggest Electric Companies. This data was obtained from
the balance sheet of the company in the annual report of 2022.
The Rank of 18 World’s Biggest Electric Companies Based of Total Assets in 2022
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Rank |
Name of Company |
Total Assets |
Total Assets |
Total Liabilities |
Total Liabilities |
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Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
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1 |
Electricite de France |
EUR 388 billion |
419 billion |
EUR 341 billion |
368 billion |
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2 |
Enel |
EUR 219 billion |
236 billion |
EUR 177 billion |
191 billion |
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3 |
Engie |
EUR 235 billion |
253 billion |
EUR 196 billion |
211 billion |
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4 |
General Electric |
USD 187 billion |
187 billion |
USD 150 billion |
150 billion |
|
5 |
Iberdrola |
EUR 154 billion |
166 billion |
EUR 96 billion |
103 billion |
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6 |
E.ON |
EUR 134 billion |
144 billion |
EUR 112 billion |
120 billion |
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7 |
Southern Company |
USD 134 billion |
134 billion |
USD 100 billion |
100 billion |
|
8 |
National Grid |
GBP 94.8 billion |
119 billion |
GBP 46.2 billion |
58 billion |
|
9 |
Exelon Corporation |
USD 95.3 billion |
95.3 billion |
USD 70 billion |
70 billion |
|
10 |
Tokyo Electric Power |
JPY 12,853 billion |
86 billion |
JPY 9,631 billion |
64 billion |
|
11 |
EnBW Energie Baden |
EUR 69.5 billion |
75 billion |
EUR 56 billion |
60 billion |
|
12 |
Huaneng Power International |
RMB 512 billion |
71 billion |
RMB 377 billion |
52 billion |
|
13 |
The Kansai Electric Power Co |
JPY 8,774 billion |
59 billion |
JPY 6,935 billion |
46 billion |
|
14 |
Duke Energy |
USD 50 billion |
50 billion |
USD 44.9 billion |
44.9 billion |
|
15 |
Chubu Electric Power Co |
JPY 6,455 billion |
43 billion |
JPY 4,293 billion |
28 billion |
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16 |
Kyushu Electric Power |
JPY 5,603 billion |
37 billion |
JPY 4,986 billion |
33 billion |
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17 |
Tohoku Electric Company |
JPY 4,381 billion |
29 billion |
JPY 3,996 billion |
26.7 billion |
|
18 |
SSE |
GBP 21.3 billion |
26 billion |
GBP 16 billion |
20 billion |
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Source: Annual report, 2022 |
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Description: Origin Currency: Official Currency Used at
The Annual Report in 2022 |
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1 Euro (EUR) = 1.08 US Dollar (USD) |
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1 Poundsterling (GBP) = 1.26 US Dollar (USD) |
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1 Japanese Yen (JPY) =0.0067 US Dollar (USD) |
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1 Yuan Renminbi (RMB) = 0.14 US Dollar (USD) |
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Brief Description of 18 World’s Biggest Electric Companies in 2022
1. General Electric
General Electric Company is a multinational energy company that
was by Thomas A. Edison in 1889 and for
more than 130 years. From time to time, along with
the development of the company’s business, this company’s customer is in over
170 countries. Operationally, this company has some operations in some foreign
countries. The manufacturing and service operations are conducted at 82
manufacturing plants located in twenty-eight states in the United States and
Puerto Rico. Furthermore, 149 manufacturing plants are located in thirty-four
other countries.
At year end of 2022, General Electric Company and consolidated affiliates employed 125,000 people, of whom 56,000 were employed in the United States. Financially, in 2022, this company generated a revenue of USD 76 billion but suffered net loss reaching USD -64 million. With long experience, General Electric was specialized for its work in the Power, Renewable Energy, and Aerospace industries In Energy industries products in Gas Power, Steam Power, Nuclear, Power Conversion, Energy Consulting
2. Enel
Enel S.p.A. is an Italian multinational manufacturer and
distributor of electricity and gas that was founded on November 27, 1962, in
Rome. Along with the development of the company, the number of the company will
reach more than sixty thousand people in 2019.
As of 2024, Enel has a presence in 29 countries with a total capacity of 88.2 GW. As a global company, Enel has some
products, namely Enel Green Power and Thermal Generation, Enel Grids, Enel X
Global Retail, e-Mobility Enel X Way, Global Energy and Commodity Management In
2022, based on the annual report of the company, the revenue of the company
reaches EUR 140 billion or equivalent with USD 151 billion and net income of
EUR 2.9 billion or equivalent with USD 3.1 billion.
3. Iberdrola
The Iberdrola group is one of the global energy leaders, one of
the leading wind energy producers and electricity companies which has headquarters in Bilbao, Spain.
Historically, this company was founded on November 1, 1992. Along with the
development of the company, this group has supplied energy to 100 million
people in some countries and has employed more than 40,000 people. Based on its
business, Iberdrola has some products,
including offshore wind, green hydrogen, onshore wind, Smart grids, Photovoltaic
solar energy, Hydroelectric power, and Smart solutions. Financially, in 2022,
the revenue of the company reaches EUR 53.9 billion or equivalent with USD 58.2
billion and net income reaches EUR 4.3 billion
or equivalent with USD 4.6 billion.
4. Southern Company
Southern Company is a leading energy company founded in 1945 and
has a central office in Atlanta Georgia. To date, along with business
advancement and development, Southern Company served 9 million customers,
employed 27,000 people and had 43,000 MW of generating capacity. Financially, in 2022,
the company’s revenue reaches USD 29.7 billion with earned net income up to USD
3.4 billion.
Specifically, as business development, Southern company has some
subsidiaries companies, including Alabama
Power (1.5 million electric utility customers), Georgia Power (2.7 million electric utility customers), Mississippi Power (192,000 electric
utility customers), Southern Company Gas
(4.4 million natural gas distribution customers in 4 states), Nicor Gas (2.3 million natural gas
distribution customers in Illinois), Atlanta
Gas Light (1.7 million natural gas distribution customers in Georgia), Virginia Natural Gas (312,000 natural
gas distribution customers in Virginia), Chattanooga
Gas (71,000 natural gas distribution customers in Tennessee), Southern Power (12,500 MW of wholesale
solar, wind, natural gas and clean alternative technologies in 14 states),
PowerSecure (Focussed in
distributed infrastructure technologies doing business nationwide), and Southern Nuclear (a company among the
nation’s nuclear energy industry Southern Linc Wireless communications service)
5. SSE
6. National Grid
National Grid plc is a British multinational electricity and gas utility company that has a primary office in London. Historically, this company was founded in 1990, and along with the development of the company, the number of employees of the company has grown to twenty-three thousand by 2020. Based on business, National Grid has specialized in Electricity Distribution (ED), Electricity Transmission (ET), Electricity System Operator (ESO). Financially, the company’s revenue of GBP 21 billion or equivalent with USD 26.4 billion and net income GBP 2.6 billion or equivalent with USD 3.2 billion.
7. Exelon Corp
8. Tokyo Electric Power
Tokyo Electric Power Company Holdings was founded on May 1, 1951, and still has headquarters in Chiyoda, Tokyo, Japan. Along with the business development, the number of employees of this company has grown into more than thirty thousand people. As of 2023, along with business development, tepco can supply 250.0-terawatt hour (TWh) of electricity and this company has 196 units of Power Stations. Structurally, Tepco has 3 main businesses including TEPCO Fuel & power (dealing with fuel and thermal), Tepco Power Grid (general power transmission and distribution), and Tepco Energy partner (electric retail). Financially, in 2022, the company’s revenue reaches JPY 5,309 billion or equivalent with USD 35 billion and net income JPY 5.6 billion or equivalent with USD 0.037 billion.
9. E. ON
E. ON SE is an energy networks and infrastructure company, which provides its service for approx. 48 million customers. As of 2024, this company has more than 78,000 employees. Historically, this company was founded in 2000 by the merger of energy companies VEBA and VIAG (Vereinigte Industrieunternehmungen AG). Operationally, in Germany, E. ON operated over 800,000 kilometers of electricity and gas grids. In Germany, E. ON operated over 800,000 kilometers of electricity and gas grids. To date, E. ON holds more than 9,000 electricity and gas concession contracts and is a partner to more than 6,000 municipalities in Germany. Financially, the company’s revenue reaches EUR 115 billion or equivalent to USD 124 billion, and net income reaches EUR 2.2 billion or equivalent to USD 2.3 billion.
10. Chubu Electric Power Co.
Chubu Electric Power Co., Inc was founded on May 1, 1951. Operationally, this company has headquarters in Higashi-Ku, Nagoya, Japan with a number of employees reaching thirty thousand people. Operationally, Chubu electric power has Power Generation Facilities, including Hydroelectric with total capacity 5,466.7 MW (199 locations), Nuclear with total capacity 3,617 MW (1 location), Wind 22 MW (1 location), Solar 18.2 MW (7 locations), Biomass 49 MW (1 location), and Total: 9,172.9 MW (209 locations). Financially, in 2022, the company’s revenue reaches JPY 3,986 billion or equivalent with USD 26 billion, and net income reaches JPY 38 billion or equivalent with USD 0.25 billion.
11. The Kansai Electric Power Co
Kansai Electric Power Co., Inc. is one of the leaders of electric companies from Japan. Operationally, this company has the head office in Nakanoshima, Kita-Ku, Osaka, Japan with several employees of more than thirty thousand people. Financially, in 2022, the company’s revenue reaches USD 265 billion and net income of USD 1.1 million.
12. Duke Energy
Duke Energy is an energy company which has headquarters in
Charlotte, North Carolina and has specialized in Electric Utilities and
Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I).
Historically, this company was founded by James Buchanan Duke and Benjamin
Newton Duke. Along with business development, this company has some
subsidiaries companies including Duke Energy Carolinas, Progress Energy, Duke
Energy Progress, Duke Energy Florida, Duke Energy Indiana and Piedmont. Financially,
in 2022, Duke Energy’s revenue reaches 7.8 billion US dollars and net income
1.6 billion US dollars in 2022.
13.EnBW Energie Baden
EnBW Energie Baden-Württemberg AG, or simply known as EnBW, is an energy company that has headquarters in Karlsruhe, Germany. Historically, this company was
founded in 1997 as the merger between two energy companies i.e., Baden-Württemberg, Badenwerk AG and Energie-Versorgung Schwaben AG (EVS).
As of 2023, EnBW has 26,980 employees and served more than 5.5 million
customers and installed 5,444 MW of renewable energies. Financially, based on
the annual report of 2022, this company’s revenue reaches 56 billion euros or
equivalent to 60 billion US dollars and net income of EUR 1.8 billion or
equivalent to USD 1.9 billion.
14.Electricité de France
Électricité de France S.A. was founded in 1946 and has its head office in Paris, France. As one of the biggest electric companies, the company’s employees reach 154 thousand people. Operationational, The Group supplies energy and services to approximately 40.9 million customers and manages 467.6-Terawatt hours (TWh) electricity output with 117.3 Gigawatt (GW) Installed capacity. Financially, the company’s revenue reaches EUR 143 billion or equivalent to USD 154 billion but suffered net loss EUR 17.9 billion or equivalent to USD -19 billion.
15. Tohoku Electric Company
16.Kyushu Electric Power
Kyūshū Electric Power Company was founded on May 1, 1951. Operationally, this company has some power
station including
Hydroelectric power generation in 138 locations with total capacity around
3,580,000 kW, thermal power generation in 6 locations or total capacity around
8,035,000 kW, geothermal power generation in 6 location (213,000kW), and
nuclear power generation in 2 locations with total capacity of around 4,140,000
kW. Financially, in 2022, the Kyūshū Electric Power Company’s revenue reached JPY 2,221 billion or equivalent with USD 14.8 billion but
suffered net loss JPY -56 million or equivalent with USD -0.375 million.
17.Huaneng Power International
Huaneng Power International, Inc. (HPI), commonly known as Huaneng
Power, is a Chinese electric power company that has the headquarter in Beijing,
China. Historically, this company was founded on June 30th, 1994. Financially,
until 2022, the Huaneng Power
International’s revenue reaches RMB 246 billion or equivalent with USD 34
billion and net income RMB 136 million or equivalent with USD 19 million.
18.Engie
Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie. Historically, this company was founded on July 22nd, 2008, by the merger of Gaz de France and Suez. As of 2023, Engie has 96,000 employees and has 3.9 GW installed renewables capacity. Commonly Engie has some featured products including renewables energy (Onshore wind, offshore wind, Solar PV, Hydro), Network (Gas and Power transmission), flex gen and retail (pumped storage, CCOT, storage), and energy solutions. Financially, in 2022, the Engie’s revenue reaches EUR 93.8 billion or equivalent with USD 101 billion and net income EUR 216 million or equivalent with USD 233 million.
The Summary of 18 World’s Biggest Electric Companies in 2022
Bibliography of 10 World’s Biggest Electric Companies
Electricite de France. 2023. Annual Report 2022. Accessed
via https://www.edf.fr/en/the-edf-group/dedicated-sections/investors-shareholders/financial-and-extra-financial-performance/financial-results#annual-results on January 24th, 2024.
General Electric. 2023. Annual Report 2022.Accessed via https://www.ge.com/investor-relations/annual-report on January 24th, 2024.
Enel. 2023. Annual Report 2022.Accessed via https://www.enel.com/investors/financials on January 24th, 2024.
Engie. 2023. Annual Report 2022.Accessed via https://www.engie.com/en/finance/results/2020 on January 24th, 2024.
Duke Energy. 2023. Annual Report 2022. Accessed via https://www.duke-energy.com/our-company/investors/financials/annual-reports on January 24th, 2024.
Iberdrola. 2023. Annual Report 2022.Accessed via https://www.iberdrola.com/shareholders-investors/annual-reports on January 24th, 2024.
Exelon Corp.2023. Annual Report 2022. Accessed via https://investors.exeloncorp.com/ on January 24th, 2024.
Southern Company. 2023. Annual Report 2022.Accessed via https://investor.southerncompany.com/financials-and-sec-filings/annual-reports/default.aspx on January 24th, 2024.
E.ON. 2023. Annual Report 2022.Accessed via https://www.eon.com/en/investor-relations/financial-publications/annual-report.html on January 24th, 2024.
Tokyo Electric Power. 2023. Annual Report 2022.Accessed via https://www.tepco.co.jp/en/hd/about/ir/library/integratedreport/index-e.html on January 24th, 2024.
National Grid. 2023. Annual Report 2022.Accessed via https://www.nationalgrid.com/about-us/annual-report-and-accounts on January 24th, 2024.
Huaneng Power International. 2023. Annual Report 2022.Accessed via https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0420/2021042000679.pdf on January 24th, 2024.
The Kansai Electric Power Co. 2023. Annual Report 2022. Accessed via https://www.kepco.co.jp/english/corporate/list/report/ on January 24th, 2024.
EnBW Energie Baden. 2023. Annual Report 2022.Accessed via https://www.enbw.com/integrated-annual-report-2020/further-information/download-center/ on January 24th, 2024.
Chubu Electric Power Co. 2023. Annual Report 2022.Accessed via https://www.chuden.co.jp/english/ir/eir_irlibrary/eirl_annualreport/ on January 24th, 2024.
Kyushu Electric Power. 2023. Annual Report 2022.Accessed via https://www.kyuden.co.jp/english_ir_library_annual_2020.html on January 24th, 2024.
Tohoku Electric Company. 2023. Annual Report 2022.Accessed via https://www.tohoku-epco.co.jp/ir/report/index-e.htm on January 24th, 2024.
SSE. 2023. Annual Report 2022. Accessed via https://www.sse.com/media/jqcamklf/sse-32693-annual-report-2020-web-1.pdf on January 24th, 2024.