In almost all cases, commitments given are reciprocal, and the third parties concerned are under an obligation to supply EDF with assets or services related to operating, investing and financing transactions.
In the course of its ordinary generation and supply activities, EDF has entered into long-term contracts for purchases of electricity, other energies and commodities and nuclear fuel, for periods of up to 20 years.
At 31 December 2019, these commitments mature as follows:
| Maturity | ||||||
|---|---|---|---|---|---|---|
| (in millions of euros) | < 1 year | 1–5 years | 5–10 years | > 10 years | 31/12/2019 | 31/12/2018 |
| Electricity purchases and related services | Electricity purchases and related services Maturity 1,346 | Electricity purchases and related services 3,607 | Electricity purchases and related services 3,353 | 4,363 | 12,669 | 14,492 |
| Nuclear fuel purchases | Nuclear fuel purchases Maturity 1,688 | Nuclear fuel purchases 6,798 | Nuclear fuel purchases 4,999 | 2,927 | 16,412 | 17,740 |
| FUEL AND ENERGY PURCHASE COMMITMENTS | FUEL AND ENERGY PURCHASE COMMITMENTS Maturity 3,034 | FUEL AND ENERGY PURCHASE COMMITMENTS 10,405 | FUEL AND ENERGY PURCHASE COMMITMENTS 8,352 | 7,290 | 29,081 | 32,232 |
Electricity purchase commitments mainly concern:
In addition to the obligations reported above and under Article 10 of the Law of 10 February 2000, in mainland France, EDF is obliged, at the producer’s request and subject to compliance with certain technical features, to purchase the power produced by co-generation plants and renewable energy generation units (wind turbines, small hydro-electric plants, photovoltaic power, etc.).
The additional costs generated by this obligation are offset, after validation by the CRE, by the CSPE. These purchase obligations total 57TWh for 2019 (53TWh for 2018), including 7TWh for co-generation (7TWh for 2018), 30TWh for wind power (26TWh for 2018), 11TWh for photovoltaic power (9TWh for 2018) and 3TWh for hydropower (3TWh for 2018).
Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover EDF’s needs for uranium and fluoration, enrichment and fuel assembly production services.
The decrease in nuclear fuel purchases in 2019 is mainly explained by the execution of existing contracts.
These are mostly commitments undertaken by EDF through signature of orders relating to operations or contracts in progress, related guarantees, and commitments as lessee under irrevocable operating lease contracts principally for premises, equipment and vehicles. The corresponding rents are subject to renegotiation at intervals defined in the contracts.
The increase in these commitments mainly relates to energy savings certificates and lease commitments.
Investment commitments are mostly commitments for acquisitions of property, plant and equipment. The increase in EDF’s commitments for acquisitions of intangible assets and property, plant and equipment mainly relates to the Flamanville 3 EPR.
These are commitments by EDF to its subsidiaries, in 2019 mainly €3,505 million to EDF International, €2,060 million to EDF Trading, €986 million to EDF Energy, €800 million to Enedis, €799 million to Edison and €481 million to EDF Renouvelables.
These commitments mainly comprise:
These commitments correspond to the total value of credit lines available to EDF from various banks.
In the course of its business, EDF has signed long-term contracts to supply electricity as follows:
