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 2020, these commitments mature as follows:
Maturity | ||||||
|---|---|---|---|---|---|---|
| (in millions of euros) | < 1 year | 1-5 years | 5-10 years | > 10 years | 31/12/2020 | 31/12/2019 |
| Electricity purchases and related services | Electricity purchases and related services Maturity 1,513 | Electricity purchases and related services
3,569 | Electricity purchases and related services
3,141 | 3,855 | 12,078 | 12,669 |
| Nuclear fuel purchases | Nuclear fuel purchases Maturity 1,749 | Nuclear fuel purchases
6,255 | Nuclear fuel purchases
4,684 | 2,317 | 15,005 | 16,412 |
| FUEL AND ENERGY PURCHASE COMMITMENTS | FUEL AND ENERGY PURCHASE COMMITMENTS Maturity 3,262 | FUEL AND ENERGY PURCHASE COMMITMENTS 9,824 | FUEL AND ENERGY PURCHASE COMMITMENTS 7,825 | 6,172 | 27,083 | 29,081 |
Electricity purchase commitments mainly concern:
In addition to the obligations reported above and under Article 10 of the Law of 10 February 2000, in main land France EDF is obliged to purchase, at the producer’s request and subject to compliance with certain technical features, 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 theCRE, by the CSPE. These purchase obligations total 59TWh for 2020 (57TWh for 2019), including 7TWh for co-generation (7TWh for 2019), 31TWh for wind power (30TWh for 2019), 11TWh for photovoltaic power (11TWh for 2019) and4TWh for hydropower (3TWh for 2019).
Commitments for purchases of nuclear fuel arise from supply contracts for the nuclearplants intended to cover EDF’s needs for uranium and fluoration, enrichment and fuelassembly fabrication services.
The decrease in nuclear fuel purchases in 2020 is mainly explained by the executionof 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 bank guarantees given by EDF and additional purchases for repair work on the main secondary circuit welds at the Flamanville 3 EPR.
Investment commitments are mostly commitments for acquisitions of property, plant and equipment. The decrease in EDF’s commitments for acquisitions of intangible assets and property, plant and equipment mainly relates to the Flamanville 3 EPR.
These are financing commitments by EDF to its subsidiaries, in 2020 mainly €3,615million to EDF International, €2,060 million to EDF Trading, €1,298 million to EDFRenewables, €847 million to EDF Energy, €799 million to Edison and €700 million to Enedis.
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 electricityas follows:
Gas purchase commitments are given by EDF in connection with its expanding gas supply business.
Gas purchases for supply, delivery and storage are mostly undertaken through long-term contracts and forward purchases from EDF Trading.
Under the contract with the Dunkerque LNG methane terminal, EDF also benefits from approximately 61% of the terminal’s regasification capacities until 2037, in return for payment of an annual premium of approximately €150 million. A provisionfor onerous contracts is recorded in connection with this contract.
