Leading global electric utilities 2024, based on market value

NextEra Energy, headquartered in Florida, United States, was the largest electric utility company worldwide in 2024, with a market value of 156 billion U.S. dollars. Ranking second, Japan's Tokyo Electron had a market value of 107.5 billion U.S. dollars. 

Global market

Utilities sell electricity through a regulated market by operating generation, transmission and distribution facilities. In most countries, utilities provide electricity and are essential for many industrial and commercial enterprises, as well as households and other facilities such as recreational facilities. As the integration of renewable energy sources and investments in smart grid technologies are projected to raise a challenge, the basic utility’s business model is expected to undergo a major change.

NextEra Energy

Three of the top 10 utilities are based in the United States. NextEra Energy has been on the growth since the end of the COVID-19 crisis. Almost half of the electricity generated by this company came from natural gas.