EDF Energy - Finance
EDF Energy - Finance
EDF Energy - Finance
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Our hedging strategy is asset driven but takes into account<br />
both market specificities and competitors expectations<br />
Market Drivers<br />
Prices<br />
Volatilities<br />
Correlation<br />
Liquidity<br />
Portfolio Drivers<br />
Open Positions<br />
Generation Uncertainty<br />
Demand Uncertainty<br />
Tariff Drivers<br />
Competitors’ EBIT<br />
Competitors’ Retail Margin<br />
Competitors’ Hedging Rate<br />
Nuclear and<br />
Upstream<br />
B2C<br />
• Gradually reduce<br />
width of risk<br />
distribution for Nuclear<br />
and Upstream<br />
• Hedging rate changes<br />
in response to market<br />
and portfolio drivers<br />
• Gradually reduce<br />
width of risk<br />
distribution for B2C<br />
• Hedging rate changes<br />
in response to market,<br />
portfolio and tariff<br />
drivers