EDF: after the State announcements, an EBITDA revalued at -29 billion euros


Following the government’s announcement yesterday of a cap on the increase in regulated electricity tariffs for 2023 +15%, the EDF Group’s end-2023 objectives will be reviewed once specifies the terms of the regulation for 2023.

The nuclear production estimate in France is confirmed for 2023 300-330 TWh.

In the state of the information available to the Group, based on the estimate of nuclear production in France for 2022 at the bottom of the 280-300 TWh range and the forward prices for 2022 as of September 13, 2022, the estimate of the he impact of the drop in production on the Group’s EBITDA for 2022 is revalued at approximately -29 billion euros.

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