EDF is generally highly profitable while at the same time delivering cheap, reliable power. 2023 was the one exception, due to the energy crisis and its interaction with the ARENH program that forces EDF to sell power from nuclear at a fixed low price (usually way below market).
Even if it needs that power itself.
So in 2022, it still had to sell this power at 4 cent/kWh, and then had to buy that same power back from the market at up to €1/kWh.
EDF is generally highly profitable while at the same time delivering cheap, reliable power. 2023 was the one exception, due to the energy crisis and its interaction with the ARENH program that forces EDF to sell power from nuclear at a fixed low price (usually way below market).
Even if it needs that power itself.
So in 2022, it still had to sell this power at 4 cent/kWh, and then had to buy that same power back from the market at up to €1/kWh.