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The WBA Electric Utilities Benchmark 2021 presents a ranking of 50 keystone electric utilities companies based on an overall assessment comprising three parts: a performance assessment, a narrative assessment, and a trend assessment. The overall assessment measures a company’s degree of alignment with the transition to a low-carbon world, in line with the 1.5°C Paris Agreement temperature goal.

Ranking overview

50 companies

Total score out of 100 ACT rating performance, narrative and trend
1 Ørsted
Total score 96.4 /100
Total performance score 18.5 / 20
Narrative score A
Trend score
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2 SSE 
Total score 84.3 /100
Total performance score 14.4 / 20
Narrative score A
Trend score
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3 E.ON
Total score 78.8 /100
Total performance score 12.1 / 20
Narrative score A
Trend score
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4 Vattenfall
Total score 77.6 /100
Total performance score 15.6 / 20
Narrative score B
Trend score
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5 EDP Energias de Portugal
Total score 77.1 /100
Total performance score 15.4 / 20
Narrative score B
Trend score
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6 Enel
Total score 74.3 /100
Total performance score 14.2 / 20
Narrative score B
Trend score
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7 Iberdrola
Total score 69.3 /100
Total performance score 13.1 / 20
Narrative score B
Trend score
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8 ENGIE
Total score 66.9 /100
Total performance score 11.1 / 20
Narrative score B
Trend score
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- Électricité de France (EDF)
Total score 66.9 /100
Total performance score 11.1 / 20
Narrative score B
Trend score
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10 Xcel Energy
Total score 64.0 /100
Total performance score 9.9 / 20
Narrative score B
Trend score
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11 CLP Holdings (中電集團)
Total score 62.1 /100
Total performance score 10.1 / 20
Narrative score B
Trend score
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12 Exelon Corporation
Total score 57.9 /100
Total performance score 9.3 / 20
Narrative score B
Trend score
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13 Eletrobras
Total score 51.2 /100
Total performance score 11.5 / 20
Narrative score C
Trend score
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14 Dominion Energy
Total score 49.3 /100
Total performance score 9.7 / 20
Narrative score C
Trend score
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15 EnBW Energie Baden-Wuerttemberg
Total score 48.3 /100
Total performance score 10.3 / 20
Narrative score C
Trend score
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16 Nextera Energy
Total score 47.9 /100
Total performance score 10.1 / 20
Narrative score C
Trend score
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17 American Electric Power (AEP)
Total score 46.4 /100
Total performance score 9.5 / 20
Narrative score C
Trend score
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18 Duke Energy
Total score 44.5 /100
Total performance score 7.7 / 20
Narrative score C
Trend score
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19 Vistra Energy Corp
Total score 44.0 /100
Total performance score 8.5 / 20
Narrative score C
Trend score
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20 Southern Co
Total score 42.4 /100
Total performance score 7.8 / 20
Narrative score C
Trend score
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21 RWE
Total score 40.0 /100
Total performance score 10.8 / 20
Narrative score D
Trend score
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22 AES Corporation
Total score 38.8 /100
Total performance score 10.3 / 20
Narrative score D
Trend score
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23 State Power Investment Corporation (SPIC) (国家电力投资集团)
Total score 38.1 /100
Total performance score 6.0 / 20
Narrative score C
Trend score
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24 CEZ Group
Total score 37.1 /100
Total performance score 10.6 / 20
Narrative score D
Trend score
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25 Tohoku Electric Power
Total score 28.1 /100
Total performance score 6.8 / 20
Narrative score D
Trend score
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26 Tokyo Electric Power Company (TEPCO)
Total score 26.4 /100
Total performance score 6.1 / 20
Narrative score D
Trend score
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27 China Three Gorges (中国长江三峡集团)
Total score 26.2 /100
Total performance score 5.0 / 20
Narrative score D
Trend score
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28 Origin Energy
Total score 25.7 /100
Total performance score 5.8 / 20
Narrative score D
Trend score
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29 Kansai Electric Power Company (KEPCO)
Total score 25.5 /100
Total performance score 10.7 / 20
Narrative score E
Trend score
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30 Perusahaan Listrik Negara (PLN)
Total score 25.2 /100
Total performance score 5.6 / 20
Narrative score D
Trend score
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31 Saudi Electricity Company (SEC)
Total score 24.8 /100
Total performance score 5.4 / 20
Narrative score D
Trend score
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32 Pacific Gas and Electric (PG&E)
Total score 24.3 /100
Total performance score 5.2 / 20
Narrative score D
Trend score
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33 Kyushu Electric Power
Total score 23.8 /100
Total performance score 5.0 / 20
Narrative score D
Trend score
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34 Chugoku Electric Power Company
Total score 22.6 /100
Total performance score 4.5 / 20
Narrative score D
Trend score
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35 Chubu Electric Power
Total score 21.9 /100
Total performance score 4.2 / 20
Narrative score D
Trend score
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36 Fortum
Total score 19.8 /100
Total performance score 8.3 / 20
Narrative score E
Trend score
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37 China Huadian Corporation (中国华电集团)
Total score 18.3 /100
Total performance score 2.7 / 20
Narrative score D
Trend score
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38 China Datang Corp (中国大唐集团)
Total score 18.1 /100
Total performance score 2.6 / 20
Narrative score D
Trend score
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- Tenaga Nasional
Total score 18.1 /100
Total performance score 2.6 / 20
Narrative score D
Trend score
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40 Taiwan Power Company (台灣電力公司)
Total score 17.1 /100
Total performance score 2.2 / 20
Narrative score D
Trend score
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41 AGL Energy
Total score 15.7 /100
Total performance score 6.6 / 20
Narrative score E
Trend score
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- China Energy Investment Group (CHN Energy) (国家能源投资集团)
Total score 15.7 /100
Total performance score 1.6 / 20
Narrative score D
Trend score
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43 Comision Federal de Electricidad (CFE)
Total score 14.8 /100
Total performance score 1.2 / 20
Narrative score D
Trend score
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44 Inter RAO
Total score 11.2 /100
Total performance score 4.7 / 20
Narrative score E
Trend score
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45 Eskom Holdings
Total score 9.3 /100
Total performance score 3.9 / 20
Narrative score E
Trend score
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46 Korea Electric Power Corporation (KEPCO/Hanjeon)
Total score 8.8 /100
Total performance score 3.7 / 20
Narrative score E
Trend score
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47 NTPC
Total score 6.7 /100
Total performance score 2.8 / 20
Narrative score E
Trend score
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48 China Huaneng Group (中国华能集团)
Total score 6.4 /100
Total performance score 2.7 / 20
Narrative score E
Trend score
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- Electricity Generating Authority of Thailand
Total score 6.4 /100
Total performance score 2.7 / 20
Narrative score E
Trend score
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50 Egyptian Electricity Holding Company (EEHC)
Total score 2.6 /100
Total performance score 1.1 / 20
Narrative score E
Trend score
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