Since the end of 2023, EDF has been offering long-term partnership contracts linked to the French historical nuclear fleet, known as ‘nuclear production allocation contracts’ (CAPN). These contracts allow partners to benefit from a share of the actual production of the historic nuclear fleet in exchange for sharing the associated costs and risks. Partners thus have access to low-carbon electricity supply for 10 or 15 years in France, at prices reflecting the costs of the nuclear fleet and therefore decoupled from wholesale markets prices.
Initially offered to energy-intensive companies, the scheme is now extended to a broader range of stakeholders including: i) Final consumers with annual needs exceeding 7 GWh; ii) Suppliers holding an authorisation to purchase electricity for resale to final consumers issued by the French administration (and/or any equivalent authorisation); and iii) Electricity producers.
Through this mechanism, EDF will make available a total volume of 1,800 MW of electricity, based on cost and risk sharing (approximately 10.6 TWh per year for an annual production level of 360 TWh from the historical fleet), for energy delivery in France starting January 1, 2027. A single contract model will be offered, based on a structure identical to contracts already concluded with an advance payment, sharing of production costs and associated risks. The system will ensure clarity and transparency for all actors located in one or more of the target countries.
