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Nextera Energy Inc  (NEE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Nextera Energy Inc's

Competitiveness


 

NEE Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Nextera Energy Inc reported Total Revenue decrease in the 4 quarter 2020 year on year by -4.19 %, despite revenue increase by most of its competitors of 6.28 %, recorded in the same quarter.

List of NEE Competitors





Revenue Growth Comparisons




Net Income Comparison


Nextera Energy Inc recorded net loss , despite income increase by most of its competitors of 218.73 %

<<  More on NEE Income Comparisons


Nextera Energy Inc's Comment on Competitors and Industry Peers


Electricity markets in the U.S. are regional and diverse in character. All are extensively regulated, and competition in these markets is shaped and constrained by regulation. The nature of the products offered varies based on the specifics of regulation in each region. Generally, in addition to the natural constraints on pricing freedom presented by competition, NEER may also face specific constraints in the form of price caps, or maximum allowed prices, for certain products. NEER's ability to sell the output of its generation facilities is also constrained by available transmission capacity, which can vary from time to time and can have a significant impact on pricing.

The degree and nature of competition that NEER faces is different in wholesale markets and in retail markets. Approximately 90% of NEER's revenue is derived from wholesale markets.

Wholesale power generation is a capital-intensive, commodity-driven business with numerous industry participants. NEER primarily competes on the basis of price, but believes the green attributes of NEER's generating assets, its creditworthiness and its ability to offer and manage customized risk solutions to wholesale customers are competitive advantages. Wholesale power generation is a regional business that is highly fragmented relative to many other commodity industries and diverse in terms of industry structure. As such, there is a wide variation in terms of the capabilities, resources, nature and identity of the companies NEER competes with depending on the market. In wholesale markets, customers' needs are met through a variety of means, including long-term bilateral contracts, standardized bilateral products such as full requirements service and customized supply and risk management services.

In general, U.S. electricity markets encompass three classes of product: energy, capacity and ancillary services. Energy services relate to the physical delivery of power; capacity services relate to the availability of MW capacity of a power generation asset; and ancillary services are other services related to power generation assets, such as load regulation and spinning and non-spinning reserves. The exact nature of these classes of product is defined in part by regional tariffs. Not all regions have a capacity product class, and the specific definitions of ancillary services vary from region to region.

RTOs and ISOs exist in a number of regions within which NEER operates to coordinate generation and transmission across wide geographic areas and to run markets. NEER also has operations that fall within the Western Electricity Coordinating Council reliability region that are not under the jurisdiction of an established RTO or ISO. Although each RTO and ISO may have differing objectives and structures, some benefits of these entities include regional planning, managing transmission congestion, developing larger wholesale markets for energy and capacity, maintaining reliability and facilitating competition among wholesale electricity providers. NEER has operations that fall within the following RTOs and ISOs:


Alberta Electric System Operator

California Independent System Operator

ERCOT

Independent Electricity System Operator (in Ontario)

ISO New England (ISO-NE)

Midcontinent Independent System Operator, Inc. (MISO)

New York Independent System Operator (NYISO)

PJM

Southwest Power Pool

NEER competes in different regions to different degrees, but in general it seeks to enter into long-term bilateral contracts for the full output of its generating facilities, and, approximately 62% of NEER's generating capacity is fully committed under long-term contracts. Where long-term contracts are not in effect, NEER sells the output of its facilities into daily spot markets. In such cases, NEER will frequently enter into shorter term bilateral contracts, typically but not always of one to three years duration, to hedge the price risk associated with selling into a daily spot market. Such bilateral contracts, which may be hedges either for physical delivery or for financial (pricing) offset, may only protect a portion of the revenue that NEER expects to derive from the associated generation facility and may not qualify for hedge accounting under GAAP.





  

Overall company Market Share Q4 2020

Overall company, revenue fell by -4.19 % and company lost market share, to approximate 6.17 %.





<<  More on NEE Market Share.
 

*Market share calculated with total revenue.


NEE's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nextera Energy Inc 17,997 516,662 2,369 13,400
The Aes Corporation 9,660 17,814 152 18,500
American Electric Power Co Inc 14,919 44,845 2,197 1,859
Centerpoint Energy Inc 7,418 13,302 -773 8,540
Consolidated Edison Inc 12,246 26,804 1,144 14,601
Dominion Energy Inc 14,172 29,865 -550 14,400
Dte Energy Co 12,177 27,626 1,371 10,000
Edison International 13,578 23,255 871 13,690
Entergy Corporation 10,114 21,761 1,407 13,393
Firstenergy Corp 10,790 19,700 1,079 15,557
NextEra Energy, Inc. 0 0 0 0
Nisource Inc 9,363 10,126 -14 8,982
PEOPLES ENERGY CORPORATION 0 0 0 0
Pg and e Corp 18,469 22,434 -1,304 22,581
Pinnacle West Capital Corporation 3,587 9,718 570 6,366
Ppl Corporation 7,607 22,322 1,469 17,391
Paragon Offshore Plc 231 0 605 0
Public Service Enterprise Group Incorporated 9,611 32,271 1,739 12,689
The Southern Company 20,375 70,452 3,103 26,369
TXU CORP 0 0 0 0
Williams Companies Inc 7,719 28,556 198 6,742
Xcel Energy Inc 21,328 37,922 1,473 11,589
Kinder Morgan Inc 11,700 37,469 180 11,535
Anadarko Petroleum Corp 13,706 35,730 -288 6,100
Scana Corporation 3,531 6,833 -115 5,989
Chesapeake Energy Corporation 5,963 30 -9,658 0
NORTHEAST UTILITIES 0 0 0 8,248
Teco Energy Inc 5,014 0 198 4,400
Questar Gas Co 957 0 74 1,745
Pepco Holdings Inc 4,340 0 -212 2,374
Sempra Energy 11,370 40,415 4,105 17,046
Oneok Inc 8,542 22,589 613 2,269
Nrg Energy Inc 9,261 9,273 4,068 9,806
Exelon Corporation 33,039 44,838 1,954 0
Berkshire Hathaway Inc 246,497 539,579 36,353 0
Qep Resources Inc 734 990 3 765
Eversource Energy 8,904 31,170 1,213 8,248
Sprague Resources Lp 2,708 546 35 600
SUBTOTAL 587,627 1,744,895 55,628 315,774


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