Power sales of selected European electric utilities 2021

Finland-based Fortum is among the leading European electric utilities based on power sales. In 2021, it sold more than 559 terawatt-hours of electricity. German utility Uniper sold around 465 terawatt-hours’ worth of electricity that year, while E.ON’s electricity sales amounted to 373 terawatt-hours.

Industry’s merges and acquisitions

Since 2016, electricity sales of Uniper, E.ON, and RWE varied greatly due to several separations and merges among these companies. E.ON separated its fossil fuels’ power generation and energy trading operations into Uniper, with operations starting on January 1, 2016. The same year, RWE split its renewables, network, and retail businesses, creating Innogy SE. As part of an assets swap deal between E.ON and RWE, E.ON acquired Innogy SE in September 2019.

Global comparisons

Headquartered in Rome, Enel has operations worldwide, and as of April 2022 was one of the world’s largest electric utilities based on sales, at more than 99 billion U.S. dollars. It was only surpassed by French EDF, with sales of 99.8 billion U.S. dollars. Of the 10 largest electric utilities in the world based on sales, more than half were based in Europe. Enel was the largest European utility based on market capitalization in 2021.