European electric utilities by market cap 2023

As of September 2023, the Spanish company Iberdrola was the leading electric utility in Europe based on market capitalization, with a value of over 66 billion euros. Enel, headquartered in Italy, ranked second at the time, with a market capitalization of around 59 billion euros.

Selected European electric utility companies as of September 2023, based on market capitalization (in billion euros)

Characteristic	Market capitalization in billion euros
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Release date

October 2023

More information

Region

Europe

Survey time period

As of September 29, 2023

Special properties

Does not include multi-utilities.

Supplementary notes

According to the source, the analysis includes publicly traded electric utility companies headquartered in Europe.

In 2023, the source did not include some of the largest European electric utilities in the ranking, namely EDF (France), Verbund (Austria), SSE (United Kingdom), and EnBW (Germany). As of December 2021, the market capitalizations of these companies were 33 billion euros, 34.36 billion euros, 20.77 billion euros, and 20.58 billion euros, respectively.

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