Net debt of EDF Group FY 2014-2023
One of the big ones
EDF Group was one of the worldwide leaders in energy supply. In 2023, it had a revenue of 139 billion euros, although its net income amounted to 10 billion euros. A considerable share of its revenues was produced by the French nuclear energy sector, which EDF owned entirely, accounting for over 60 gigawatts of installed energy capacity.Energy crisis and EDF losses
In 2022, EDF had to face unexpected technical problems in the French nuclear fleet. Since EDF’s electricity production decreased in 2022, the company had to increase its energy imports during the global energy crisis.Meanwhile, the French government set measures to protect the national consumers of electricity, which included low tariffs for energy in 2022 and 2023, and an increase in the share of nuclear energy to be sold at regulated prices. The debt of EDF increased as a consequence of importing electricity at high prices and selling it at a price below the market level.