EDF Energy - Finance

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How the RO works • Electricity suppliers have an obligation to source an annually increasing proportion of their electricity sales from renewable sources. The scheme is administered by OFGEM • Initially the obligation was set at c3% of the total supplied electricity. It has now risen to 11% and will reach 15% by 2015/16 • The sourcing is evidenced through presentation of a Renewable Obligation Certificate (ROC), or by paying a penalty, ”the buyout price” • The buyout price was initially set at £30 per MWh in 2002 but is indexed to the Retail Price Index so its current value is c.£37 per MWh for 2010/11 • Previously, 1 ROC was issued for each MWh of eligible renewable generation however this was changed with the introduction of banding for different technologies
How the RO works: simplified schematic Eligible generator Sells ROC Pays a price linked to Buy-Out price and expects recycle payment Electricity supplier Sets an obligation to source a proportion of their TWh supplied through ROCs Hands out ROC Pays buy-out fees if not enough ROCs Receives Recycle value (if any) based on number of ROC handed out Ofgem
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17 December EDF in the UK Investor
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An industrial strategy based upon E
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EDF Group today 5.6 M customers 12.
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EDF Group finance as a partner to U
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UK workshop schedule • Welcome an
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Building a leader in the UK Key Fin
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EDF Energy plays an important role
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Investing in Generation Generation
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Investing in People • Of all our
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Rising demand and retiring plants C
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Market reforms • Carbon price sup
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Contracts for difference Illustrati
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Electricity Gas Supply market growt
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Energy sourcing A diversified portf
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Customer Supply EDF Energy is the U
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Customer Supply B2C is a very compe
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Customer Supply Focus on smart mete
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Our hedging strategy is asset drive
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2010: a challenging year with a goo
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Sizewell pressuriser - a unique iss
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UATR (Trips per 7000 hrs critical)
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Page 53 and 54: On track to deliver integration syn
Page 55 and 56: Key conclusions • 2010 has been a
Page 57 and 58: GW 11 10 10 7 6 6 5 5 5 4 4 4 4 4 3
Page 59 and 60: EDF‟s business model in nuclear
Page 61 and 62: EDF‟s nuclear projects France Fla
Page 63 and 64: Flamanville EPR milestones 2006 200
Page 65 and 66: A positive series effect • Buildi
Page 67 and 68: Several reactors and business model
Page 69 and 70: UK: a strong strategic fit for EDF
Page 71 and 72: New Nuclear is needed to address al
Page 73 and 74: We aim to build up to four nuclear
Page 75 and 76: Setting up the ground work for a su
Page 77 and 78: Key Risk Milestones to be met befor
Page 79 and 80: Hinkley Point EPR Unit 1 Milestones
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Page 83 and 84: Summary • UK needs NNB in order t
Page 85 and 86: EBITDA (£m) EDF Energy‟s EBITDA
Page 87 and 88: Summary of main investment plans*
Page 89 and 90: Fair value accounting • The fair
Page 91 and 92: 17 December EDF in the UK Investor
Page 93 and 94: Our Key management priorities • M
Page 95 and 96: A focused strategic positioning Lea
Page 97 and 98: Conclusions • Implementation of G
Page 99 and 100: 17 December EDF in the UK Investor
Page 101: RO History: 2002- present day • T
Page 105 and 106: The Energy Market Reform and Impact
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EDF Energy - Finance

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