18 World’s Biggest Electric Companies– Based on the annual report of the company in 2020, there are 10 World’s Biggest Electric Companies. They are the king of electrifying with billion dollars of Assets and net income.
In this day, all equipment utilizes electric current. For example, the television you watch, the refrigerator to store food, to electric-powered vehicles. The benefits of electricity for human life are quite a lot. 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 biggest of 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
| Rank | Name of Company | Revenue | Revenue | Net Income | Net Income |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | General Electric | 79 Billion US Dollar | 79 Billion | 5.5 Billion US Dollar | 5.5 Billion |
| 2 | Enel | 64.9 Billion Euro | 75 Billion | 3.6 Billion Euro | 4.1 Billion |
| 3 | Iberdrola | 33.1 Billion Euro | 38 Billion | 3.6 Billion Euro | 4.1 Billion |
| 4 | Southern Company | 20 Billion US Dollar | 20 Billion | 3.1 Billion US Dollar | 3.1 Billion |
| 5 | SSE | 6.8 Billion Poundsterling | 9 Billion | 2.3 Billion Poundsterling | 3.1 Billion |
| 6 | National Grid | 14.7 Billion Poundsterling | 19 Billion | 1.6 Billion Poundsterling | 2.1 Billion |
| 7 | Exelon Corp | 33 Billion US Dollar | 33 Billion | 1.9 Billion US Dollar | 1.9 Billion |
| 8 | Tokyo Electric Power | 5,866 Billion Yen | 51 Billion | 181 Billion Yen | 1.5 Billion |
| 9 | E.ON | 60.9 Billion Euro | 70 Billion | 1.2 Billion Euro | 1.3 Billion |
| 10 | Chubu Electric Power Co | 2,935 Billion Yen | 25 Billion | 151 Billion Yen | 1.3 Billion |
| 11 | The Kansai Electric Power Co | 29 Billion US Dollar | 29 Billion | 1.2 Billion US Dollar | 1.2 Billion |
| 12 | Duke Energy | 23 Billion US Dollar | 23 Billion | 1 Billion US Dollar | 1 Billion |
| 13 | EnBW Energie Baden | 19 Billion Euro | 22 Billion | 807 Million Euro | 0.93 Billion |
| 14 | Electricite de France | 69 Billion Euro | 80 Billion | 650 Million Euro | 0.75 Billion |
| 15 | Tohoku Electric Company | 2,246 Billion Yen | 19 Billion | 65 Billion Yen | 0.57 Billion |
| 16 | Kushu Electric Power | 2,131 Billion Yen | 18 Billion | 55 Billion Yen | 0.48 Billion |
| 17 | Huaneng Power International | 169 Billion RMB | 27 Billion | 2.6 Billion RMB | 0.41 Billion |
| 18 | Engie | 55.7 Billion Euro | 64 Billion | (-893 Million Euro) | (-1 Billion) |
| Source : Annual report, 2020 | |||||
| Description : Origin Currency : Currency at The Annual Report | |||||
| 1 Euro = 1.16 US Dollar | |||||
| 1 Poundsterling = 1.35 US Dollar | |||||
| 1 Japanese Yen =0.0088 US Dollar | |||||
| 1 RMB = 0.16 US Dollar | |||||
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 2020.
The Rank of 18 World’s Biggest Electric Companies Based of Assets
| Rank | Name of Company | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| Origin Currency | US Dollar | Origin Currency | US Dollar | ||
| 1 | Electricite de France | 305 Billion Euro | 353 Billion | 250 Billion Euro | 290 Billion |
| 2 | General Electric | 253 Billion US Dollar | 253 Billion | 216 Billion US Dollar | 216 Billion |
| 3 | Enel | 163 Billion Euro | 189 Billion | 121 Billion Euro | 140 Billion |
| 4 | Engie | 153 Billion Euro | 177 Billion | 119 Billion Euro | 138 Billion |
| 5 | Duke Energy | 162 Billion US Dollar | 162 Billion | 57 Billion US Dollar | 57 Billion |
| 6 | Iberdrola | 122 Billion Euro | 141 Billion | 75 Billion Euro | 87 Billion |
| 7 | Exelon Corp | 129 Billion US Dollar | 129 Billion | 94 Billion US Dollar | 94 Billion |
| 8 | Southern Company | 122 Billion US Dollar | 122 Billion | 90 Billion US Dollar | 90 Billion |
| 9 | E.ON | 95.3 Billion Euro | 110 Billion | 86.3 Billion Euro | 100 Billion |
| 10 | Tokyo Electric Power | 12,093 Billion Yen | 106 Billion | 8,950 Billion Yen | 78 Billion |
| 11 | National Grid | 67 Billion Poundsterling | 90 Billion | 47 Billion Poundsterling | 63 Billion |
| 12 | Huaneng Power International | 449 Billion RMB | 71 Billion | 298 Billion RMB | 47 Billion |
| 13 | The Kansai Electric Power Co | 69 Billion US Dollar | 69 Billion | 54 Billion US Dollar | 54 Billion |
| 14 | EnBW Energie Baden | 45 Billion Euro | 52 Billion | 37 Billion Euro | 42 Billion |
| 15 | Chubu Electric Power Co | 5,686 Billion Yen | 50 Billion | 3,582 Billion Yen | 31 Billion |
| 16 | Kushu Electric Power | 5,126 Billion Yen | 45 Billion | 4,444 Billion Yen | 39 Billion |
| 17 | Tohoku Electric Company | 4,323 Billion Yen | 38 Billion | 3,458 Billion Yen | 30 Billion |
| 18 | SSE | 21.5 Billion Poundsterling | 29 Billion | 14.9 Billion Poundsterling | 20 Billion |
| Source : Annual report, 2020 | |||||
| Description : Origin Currency : Currency at The Annual Report | |||||
| 1 Euro = 1.16 US Dollar | |||||
| 1 Poundsterling = 1.35 US Dollar | |||||
| 1 Japanese Yen =0.0088 US Dollar | |||||
| 1 RMB = 0.16 US Dollar | |||||
Brief Description of 18 World’s Biggest Electric Companies
1. General Electric
General Electric Company is a multinational energy company that was founded on April 15, 1892, in Schenectady, New York, US. 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 operational in some foreign countries. Manufacturing and service operations are conducted at 82 manufacturing plants located in twenty-eight states in the United States and Puerto Rico and at 149 manufacturing plants located in thirty-four other countries. At year-end 2020, General Electric Company and consolidated affiliates employed 174,000 people, of whom 56,000 were employed in the United States. Financially, in 2020, this company generate a revenue of 79 billion US dollars, and net income reach 5.5 billion US dollars. This is one of the biggest incomes than the others in 2020.
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 employee of the company reaches more than sixty thousand people in 2019. In 2020, based on the annual report of the company, the revenue of the company reaches 64.9 billion Euro or equivalent with seventy-five billion and net income 3.6 billion Euro or equivalent with 4.1 billion US Dollar.
3. Iberdrola
The Iberdrola group is one of the global energy leaders, one of the leading wind energy producers and electricity companies with head office 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 one hundred million people in some foreign countries, with employees of over 37,000. Financially, the revenue of the company reaches 33.1 billion Euro or equivalent with 38 billion US Dollars and net income reach 3.6 billion Euro or equivalent with 4.1 billion US Dollar.
4. Southern Company
Southern Company (NYSE: SO) is a leading energy company serving nine million customers. Historically, since 1945 from its founding, the company still has a central office in Atlanta Georgia. Financially, the company’s revenue reach 20 billion US Dollars with earned net income up to 3.1 billion US dollars.
5. SSE
SSE plc or formerly known as Scottish and Southern Energy plc is a multinational energy company that has the head office in Perth, Scotland. Historically, this company was formed in 1998 as a merger between Scottish Hydro-Electric and Southern Electric. Financially, this company has revenue of 6.8 billion Pound sterling or equivalent with 9 billion US Dollars with a net income of 2.3 billion Pound sterling or equivalent to 3.1 billion US dollars.
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 employee of the company reaches twenty-three thousand by 2020. Financially, the company’s revenue of 14.7 billion Pound sterling or equivalent with 19 billion US dollars and net income 1.6 billion Pound sterling or equivalent with 2.1 billion US Dollar.
7. Exelon Corp
Exelon Corporation is an American energy company that has its head office in Chicago, Illinois, USA. Historically, this company was founded in 2020 because of a merger between PECO Energy Company and the Unicom Corporation in October 2000. Along with the development of the company, the employee of this company reaches thirty-three thousand people. Financially, the company’s revenue reaches 33 billion US Dollar and net income reach 1.9 billion US Dollar.
8. Tokyo Electric Power
Tokyo Electric Power Company Holdings, Incorporated was founded on May 1, 1951, that has the head office in Chiyoda, Tokyo, Japan. Along with the development of the company’s business, the employee of this company reaches more than thirty thousand people. Financially, the company’s revenue reaches 5,866 billion Yen or equivalent with 51 billion US dollars and net income 181 billion Yen or equivalent with 1.5 billion US Dollars.
9. E. ON
E. ON SE is a European electric utility company based in Essen and until 2020, 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). Financially, the company’s revenue reaches 60.9 billion euros or equivalent to 70 billion US dollars, and net income reaches 1.2 billion euros or equivalent to 1.3 billion US dollars.
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10. Chubu Electric Power Co.
Chubu Electric Power Co., Inc was founded on May 1, 1951. Operationally, this company has the head office in Higashi-Ku, Nagoya, Japan with a number of employees reaching thirty thousand people. Financially, the company’s revenue reaches 2,935 billion Yen or equivalent with 25 billion US dollars, and net income reaches 151 billion Yen or equivalent with 1.3 billion US Dollar.
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 a number of employees of more than thirty thousand people. Financially, the company’s revenue reaches twenty-nine billion and net income of 1.2 billion US dollars.
12. Duke Energy
Duke Energy is an energy company that has central office in Charlotte, North Carolina. Operationally, this company has a central office in Duke Energy Centre, South Tryon Street, Charlotte, North Carolina, U.S., and historically was founded by James Buchanan Duke and Benjamin Newton Duke. Financially, this company’s revenue reaches 23 billion US dollars and net income 1 billion US dollars.
13.EnBW Energie Baden
EnBW Energie Baden-Württemberg AG, or simply known as EnBW, is energy company that has central office 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). Financially, based on the annual report of 2020, this company’s revenue reach nineteen billion euros or equivalent to 22 billion US dollars and net income of 807 million euros or equivalent to 0.93 billion US Dollars.
14.Electricite 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. Financially, the company’s revenue reach sixty-nine billion euros or equivalent with 80 billion US dollars and net income 650 million Euro or equivalent with 0.75 billion US Dollars.
15.Tohoku Electric Company
Tohoku Electric Power Co., Inc is another electric company from Japan and has a central office in Aoba-ku, Sendai, Miyagi, Japan. Financially, based on the annual report of 2020, the company’s revenue reach 2,246 billion Yen or equivalent with 19 billion US dollars and net income sixty-five billion Yen or equivalent with 0.57 billion US dollars.
16.Kushu Electric Power
Kyūshū Electric Power Company was founded on May 1, 1951. Financially, the company’s revenue reaches 2,131 billion Yen or equivalent with 18 billion US dollars and net income fifty-five billion Yen or equivalent with 0.48 billion US dollars.
17.Huaneng Power International
Huaneng Power International, Inc. (HPI), commonly known as Huaneng Power, is a Chinese electric power company that has the head office in Beijing, China. Historically, this company was founded on June 30th, 1994. Financially, the company’s revenue reaches 169 billion RMB or equivalent with 27 billion US dollars and net income 2.6 billion RMB or equivalent with 0.41 billion US Dollars.
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. Financially, the company’s revenue reach 55.7 billion Euro or equivalent with 64 billion US Dollar nut suffered net loss (-893 Million Euro) or equivalent with (-1 Billion US Dollar).
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Bibliography of 10 World’s Biggest Electric Companies
Electricite de France. 2021. Annual Report 2020. Accessed via https://www.edf.fr/en/the-edf-group/dedicated-sections/investors-shareholders/financial-and-extra-financial-performance/financial-results#annual-results on November 6th, 2021
General Electric. 2021. Annual Report 2020. Accessed via https://www.ge.com/investor-relations/annual-report on November 6th, 2021
Enel. 2021. Annual Report 2020. Accessed via https://www.enel.com/investors/financials on November 6th, 2021
Engie. 2021. Annual Report 2020. Accessed via https://www.engie.com/en/finance/results/2020 on November 6th, 2021
Duke Energy. 2021. Annual Report 2020. Accessed via https://www.duke-energy.com/our-company/investors/financials/annual-reports on November 6th, 2021
Iberdrola. 2021. Annual Report 2020. Accessed via https://www.iberdrola.com/shareholders-investors/annual-reports on November 6th, 2021
Exelon Corp. 2021. Annual Report 2020. Accessed via https://investors.exeloncorp.com/ on November 6th, 2021
Southern Company. 2021. Annual Report 2020. Accessed via https://investor.southerncompany.com/financials-and-sec-filings/annual-reports/default.aspx on November 6th, 2021
E.ON. 2021. Annual Report 2020. Accessed via https://www.eon.com/en/investor-relations/financial-publications/annual-report.html on November 6th, 2021
Tokyo Electric Power. 2021. Annual Report 2020. Accessed via https://www.tepco.co.jp/en/hd/about/ir/library/integratedreport/index-e.html on November 6th, 2021
National Grid. 2021. Annual Report 2020. Accessed via https://www.nationalgrid.com/about-us/annual-report-and-accounts on November 6th, 2021
Huaneng Power International. 2021. Annual Report 2020. Accessed via https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0420/2021042000679.pdf on November 6th, 2021
The Kansai Electric Power Co. 2021. Annual Report 2020. Accessed via https://www.kepco.co.jp/english/corporate/list/report/ on November 6th, 2021
EnBW Energie Baden. 2021. Annual Report 2020. Accessed via https://www.enbw.com/integrated-annual-report-2020/further-information/download-center/ on November 6th, 2021
Chubu Electric Power Co. 2021. Annual Report 2020. Accessed via https://www.chuden.co.jp/english/ir/eir_irlibrary/eirl_annualreport/ on November 6th, 2021
Kushu Electric Power. 2021. Annual Report 2020. Accessed via https://www.kyuden.co.jp/english_ir_library_annual_2020.html on November 6th, 2021
Tohoku Electric Company. 2021. Annual Report 2020. Accessed via https://www.tohoku-epco.co.jp/ir/report/index-e.htm on November 6th, 2021
SSE. 2021. Annual Report 2020. Accessed via https://www.sse.com/media/jqcamklf/sse-32693-annual-report-2020-web-1.pdf on November 6th, 2021