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 2021, these commitments mature as follows:
| Maturity | ||||||
|---|---|---|---|---|---|---|
| (in millions of euros) | < 1 year | 1 à 5 years | 5 à 10 years | > 10 years | 31/12/2021 | 31/12/2020 |
| Electricity purchases and related services | 6,002 | 4,090 | 3,697 | 5,003 | 18,792 | 12,078 |
| Nuclear fuel purchases | 1,709 | 6,508 | 4,672 | 1,755 | 14,644 | 15,005 |
| FUEL AND ENERGY PURCHASE COMMITMENTS | 7,711 | 10,598 | 8,369 | 6,758 | 33,436 | 27,083 |
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 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 the CRE, by the CSPE. These purchase obligations total 54TWh for 2021 (59TWh for 2020), including 7TWh for co-generation (7TWh for 2020), 25TWh for wind power (31TWh for 2020), 11TWh for photovoltaic power (11TWh for 2020) and 4TWh for hydropower (4TWh for 2020).
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 fabrication services.
The decrease in nuclear fuel purchase commitments in 2021 is mainly explained by the execution of existing contracts, which was partly counterbalanced by adjustments to commodity prices.
These are mostly commitments undertaken by EDF when it signs 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 decrease in these commitments is mainly explained by fact that the guarantee for pension commitments in the United Kingdom, which was previously provided by EDF, is now given by EDF Energy.
Investment commitments are mostly commitments for acquisitions of property, plant and equipment.
These are financing commitments made by EDF to its subsidiaries. The decrease in these commitments principally concerns EDF International (decrease of €2,160 million for the financing of the Hinkley Point C project).
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:
