Enel

Enel S.p.A.
Company typeSocietà per azioni
BITENEL
FTSE MIB Component
IndustryElectric utility
Founded27 November 1962 (1962-11-27)
FounderItalian government
Headquarters,
Area served
Worldwide
Key people
Paolo Scaroni (Chairman)[1]
Flavio Cattaneo (CEO)[2]
ProductsElectricity generation and distribution; natural gas distribution
RevenueIncrease 96 billion (2023)[3]
€10.8 billion (2023)
€3.4 billion (2023)[4]
Total assetsIncrease €195.2 billion (2023)
Total equity€45.1 billion (2023)
OwnerGovernment of Italy (23.58%)[5]
Number of employees
61,055 (2023)[6]
Websitewww.enel.com

Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel was first established as a public body at the end of 1962, and then transformed into a limited company in 1992.[7] In 1999, following the liberalisation of the electricity market in Italy, Enel was privatised.[8] The Italian state, through the Ministry of Economy and Finance, is the main shareholder, with 23.6% of the share capital as of 1 April 2016.[9]

Enel is the 59th largest company in the world by revenue, with $147.79 billion in 2023.[10] As of 2018, Enel is also the second largest electric utility company in the world by revenue after the State Grid Corporation of China.[11] The company is quoted on the FTSE MIB index on the Borsa Italiana.[9]

Despite being a large company, Enel appears not to have adequately invested in modern technology to efficiently monitor and manage service interruptions. This may indicate a lack of prioritization in modernizing their systems. During the winter of 2024 in Santiago, Chile, Enel's customers experienced service interruptions caused by a severe windstorm. After four consecutive days without service, the company still lacks the necessary technology to know which customers have service and which do not. Consequently, the general manager, Víctor Tavera, advised: "If customers don't call us, we have no way of knowing they are without supply". The inability to identify affected customers suggests inadequate preparedness for emergencies. This is critical for customer trust and the company's reputation, especially during severe weather events.[12]

  1. ^ "Paolo Scaroni nominato nuovo presidente dell'Enel". 10 May 2023.
  2. ^ "Enel, Flavio Cattaneo nominato amministratore delegato".
  3. ^ "Enel, l'utile sale a 6,5 miliardi «Raggiunti tutti gli obiettivi 2023»". 22 March 2024.
  4. ^ "Italy's Enel Doubles Net Profit In 2023 Even As Energy Prices Fall".
  5. ^ "Azionisti rilevanti di Enel S.p.A." consob.it. 27 May 2015. Archived from the original on 28 May 2015. Retrieved 27 May 2015.
  6. ^ "ENEL - Euronext Milan".
  7. ^ Roberta Jannuzzi (29 September 2006). "Storia di Enel dal 1962 ai nostri giorni". Radio Radicale. Archived from the original on 23 February 2015. Retrieved 29 January 2015.
  8. ^ "Dismissione partecipazioni dello Stato". Camera dei deputati. Retrieved 29 January 2015.
  9. ^ a b "Annual Report 2018" (PDF). www.enel.com. Enel.
  10. ^ "Global 500, Enel ed Eni guidano le italiane nella lista delle maggiori aziende al mondo - Fortune Italia". 3 August 2023.
  11. ^ Vara, Vasanthi (19 March 2019). "Top 10 power companies in the world: Ranking the largest". Power Technology. Retrieved 7 February 2020.
  12. ^ "LaTercera". www.latercera.com. Retrieved 7 August 2024.

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