EDF launches call for expression of interest for Nuclear Production Allocation Contracts (CAPN)

Since the end of 2023 and in line with the reform of the European electricity market, which encourages the development of long-term contracts, EDF has been fully committed to the deployment of a new commercial policy. It aims to offer a wider choice of medium- and long-term low-carbon electricity contracts to reduce customers' exposure to price volatility on wholesale markets. It also allows EDF to finance the investments essential to the energy transition and to limit its exposure to the wholesale market.

In this context, EDF has been offering, for several months, long-term industrial partnership contracts backed by the historic French nuclear fleet, known as nuclear production allocation contracts (CAPN). These contracts allow the partners to benefit from a share of the actual production of the historic nuclear fleet in return for a sharing of the associated costs and risks. The partners thus have access to a low-carbon electricity supply for 10 or 15 years in France, at prices reflecting the costs of the nuclear fleet and therefore uncorrelated with wholesale market prices.

EDF is changing the terms and conditions for contracting its CAPNs. In the first half of 2025, the company will offer nuclear production allocation contracts (CAPN), for delivery in France, through a Europe-wide auction mechanism for:

• Consumers who have needs greater than 7GWh/year;
• Suppliers or producers with a physical electricity removal capacity in France.

As part of this allocation mechanism, EDF will offer a total volume of 1800 MW of electricity per year (approximately 10 TWh) for energy delivery starting on January 1, 2026.