Électricité de France

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Électricité de France S.A.
Type Société anonyme
Traded as EuronextEDF
Industry Electric utility
Founded 1946
Founders Marcel Paul
Headquarters Paris, France
Area served Worldwide
Key people Henri Proglio (Chairman and CEO)
Products Electricity generation, transmission and distribution; energy trading
Revenue €65.17 billion (2010)[1]
Operating income €6.240 billion (2010)[1]
Profit €1.020 billion (2010)[1]
Total assets €240.56 billion (end 2010)[1]
Total equity €36.90 billion (end 2010)[1]
Employees 158,760 (FTE, average 2010)[1]
Subsidiaries EDF Energy, EDF Luminus
Website www.edf.com

Électricité de France S.A. (EDF; Electricity of France) is a French electric utility company, largely owned by the French government. Headquartered in Paris, France, with €65.2 billion in revenues in 2010, EDF operates a diverse portfolio of 120,000+ megawatts of generation capacity in Europe, South America, North America, Asia, the Middle East and Africa.

EDF is the world's largest producer of electricity.[2] In 2011, it produced 22% of the European Union's electricity, primarily from nuclear power:

  • nuclear: 84.7%;
  • renewable energy: 8.3% (among which 4.6% from hydroelectric plants);
  • gas: 2.7%;
  • charcoal: 2.7%;
  • fuel: 1.2%;
  • other: 0.4%.

Its 58 active nuclear reactors (in France) are spread out over 20 sites (nuclear power plants). They comprise 34 reactors of 900 MWe, 20 reactors of 1300 MWe, and 4 reactors of 1450 MWe, all PWRs.

The EDF group[edit]

Activities[edit]

EDF specialises in electricity, from engineering to distribution. The company's operations include the following: electricity generation and distribution; power plant design, construction and dismantling; energy trading; and transport. It is active in such power generation technologies as nuclear power, hydropower, marine energies, wind power, solar energy, biomass, geothermal energy and fossile-fired energy.[3]

Distribution network (RTE and ErDF)[edit]

The electricity network is composed of the following:

  • a high and very high voltage distribution system (100,000 km of lines). This part of the system is managed by RTE (transport system of electricity) who acts as an independent administrator of infrastructure, although it stays in the lap of EDF;
  • a low and medium voltage distribution system (1,200,000 km of lines), maintained by ErDF (Électricité Réseau Distribution France), formerly known as EDF-Gaz de France Distribution. It was spun off from EDF-Gaz de France Distribution in 2008 as part of the process of total separation of the activities of EDF and GDF Suez.[citation needed]

Organization[edit]

Head office[edit]

EDF head office, 22–30 avenue de Wagram, Paris 8th arr.

The EDF head office is located along Avenue de Wagram in the 8th arrondissement of Paris. The EDF head office is shared between several EDF sites in Greater Paris.[4]

The directorate[edit]

Business[edit]

Statistics[edit]

  • Customers: 37 million worldwide in 2010.
  • 2009 Turnover: €63.34 billion (23% from France) – €41.82 billion in 2002.
  • Profit: €3.96 billion in 2010 – €3.96 billion in 2009.
  • Net profit: €1 billion in 2010 – €3.92 billion in 2009.
  • Net Debt: €34.4 billion in 2010 – €42.5 billion in 2009.
  • Revenue: €65.17 billion in 2010 – €59.14 billion in 2009.
  • The quantity of produced electrical power is about 630.4 TWh in 2010.
  • Employees: 158,842 persons (2010), among whom 110,000 are based in France.[5]

Main partners and affiliates[edit]

EDF tower, La Défense, near Paris.
  • In Europe:
    • United Kingdom: 100% EDF Energy, formerly British Energy Group PLC, which generates about 20 percent of British electricity, mainly from 8 nuclear plants, 100% EDF Trading
    • Austria: 100% Vero, 20% Groupe Estag
    • Belgium: 100% Semobis
    • France: 74.86% Électricité de Strasbourg, 67% Dalkia Investments, 51% TIRU, 50% Cerga, 50% Edenkia, 50% Dalkia International, 50% SIIF Énergies, 34% Dalkia Hdg
    • Germany: 100% EDF Ostalbkreis, 100% EDF Weinsberg, 50% RKI
    • Hungary: 95,56% BE Zrt, 100% Démász
    • Italy: Edison S.p.A. (99.4% of the capital), 100% EDF Energia Italia which sells directly 2.2 TWh to Italy, 100% EDF Fenice, 40% Finei, 30% ISE
    • The Netherlands: 100% Finelex, 50% Cinergy Holding
    • Poland: 76.63% Rybnik, 66.08% ECK, 49.19% ECW, 35.42% Kogeneracja, 24.61% Zielona Gora
    • Slovakia: 49% SSE
    • Spain: 100% EDF Iberica (EDF Península Ibérica, S.A)[6]
    • Sweden: 100% Skandrenkraft, 36.32% Groupe Graninge
    • Switzerland: 50% Chatelot, 50% Emosson, 14.25% Groupe ATEL, 26.26% Motor Columbus
  • In America:
    • United States: 100% EDF Inc., which controls fully or partially Unistar Nuclear Energy (100%), EnXco (100%), EDF Trading North America (100%) and Constellation Energy Nuclear Group (50% through a joint venture with Exelon
    • Argentina: 25% Edenor, 45% Sodemsa, 22.95% Edemsa
    • Brazil: 100% Lidil, 10% Light Energy (Light Overseas Investment – 35.29% in 2001), 90% Norte Fluminense
  • In Asia:
    • China: 85% Synergie, 60% Figlec, 35% Datang Sanmenxia Power Company, 19.6% Shandong Zhonghua Power Company
    • Vietnam: 56.25% Mecco
  • In Africa:
    • Côte d'Ivoire: 50% Azito O&M, 32.85% Azito Energie[7]

History[edit]

Status of EDF[edit]

EDF was founded on 8 April 1946, as a result of the nationalisation of around 1,700 smaller energy producers, transporters and distributors by the Minister of Industrial Production Marcel Paul. A state-owned EPIC, it became the main electricity generation and distribution company in France, enjoying a monopoly in electricity generation, although some small local distributors were retained by the nationalisation.[7] This monopoly ended in 1999, when EDF was forced by a European Directive to open up 20% of its business to competitors.[8]

Until 19 November 2004, EDF was a state-owned corporation, but it is now a limited-liability corporation under private law (société anonyme), after its status was changed by statute. The French government partially floated shares of the company on the Paris Stock Exchange in November 2005,[9] although it retained almost 85% ownership as of the end of 2008.[10]

Finances[edit]

Between 2001 and 2003, EDF was forced to reduce its equity capital by €6.4 billion total because of the performance of subsidiaries in South America and Europe. In 2001, it also acquired a number of British energy companies, becoming the UK's biggest electricity supplier.[11]

The company remains heavily in debt. Its profitability suffered during the recession which began in 2008. It made €3.9 billion in 2009, which fell to €1.02 billion in 2010, with provisions set aside amounting to €2.9 billion.[12]

In January 2013 EDF sold its 1.6% stake in U.S. utility Exelon for $470 million.[13]

Energy policy[edit]

EDF produces its electricity primarily from nuclear power plants

France is the main country to use electricity of nuclear origin as the dominant method of production (78% of French production in 2007).

In May, 2004, the French Interior Minister Nicolas Sarkozy reasserted, in front of the French Parliament, the primacy of a nuclear power, much to the relief of labour unions of EDF. In this speech the minister re-phrased the famous slogan, "We do not have oil, but we have ideas", by declaring: "We do not have oil, we do not have gas, we do not have coal, but we had ideas". Depleted uranium from reprocessing the spent fuel of the 58 French nuclear power plants was exported from Le Havre to Russia in the last years and stored in Seversk where it was enriched, and the new fuel was exported back to France.[14]

In 2013 EDF acknowledged the difficulties it was having building the new EPR nuclear reactor design, with its head of production and engineering, Hervé Machenaud, saying EDF had lost its dominant international position in design and construction of nuclear power stations. Machenaud indicated EDF was considering designing two new lower powered reactors, one with output of 1,500 MWe and the other 1,000 MWe.[15]

EDF spying conviction[edit]

In 2011, a French court fined EDF €1.5m and jailed two senior employees for spying on Greenpeace, including hacking into Greenpeace's computer systems. Greenpeace was awarded €500,000 in damages.[16] Although EDF claimed that a security firm had only been employed to monitor Greenpeace, the court disagreed, jailing the head and deputy head of EDF's nuclear security operation for three years each. Two employees of the security firm, Kargus, run by a former member of France's secret services, received sentences of three and two years respectively.[17][18]

DDoS attack on EDF site[edit]

EDF's website was brought down by DDoS attacks three times in 2011, twice in April and once later in June.[19]

The attacks were claimed by the hacktivist group Anonymous. Three men were later arrested and interviewed on charges of "obstructing functionality of a data processing service", "fraudulent access of a data processing service" and "participation to an association formed with the aim of preparing such infractions".[19]

Motivations for the attack were thought to relate to the Fukushima nuclear accident in Japan.[19] Unlike Switzerland and Germany, who plan to close down all nuclear reactors at the end of their lifespan, the government of France had no such plans to move away from nuclear power and three months after the Fukushima meltdown, stated a budget increase for nuclear power.[20]

The downtime of the EDF website cost the company an estimated €162,000.[21]

Suing No Dash For Gas[edit]

In February 2013 EDF Energy sought an estimated £5 million in damages from environmental activists from the No Dash for Gas campaign that occupied the EDF-owned West Burton CCGT power station in October 2012.[22][23]

It is unusual in the UK for companies to seek damages from protesters.[24] On 13 March 2013, EDF dropped their lawsuit against the protesters, after agreeing a permanent injunction against protesters entering EDF sites.[25]

Renewable energies[edit]

Plug-in hybrids and V2G[edit]

Further information: Plug-in hybrid and V2G

EDF has developed recharging points for the Toyota Plug-in HV in France[26]

The French government has contributed $550 million to a partnership by Électricité de France with Renault-Nissan and with PSA Peugeot Citroen.[27]

Carbon Intensity[edit]

year Production (TWh) Emission (Mt CO2) kg CO2/MWh
2002 650 91.35 141
2003 669 96.34 144
2004 647 95.74 148
2005 647 93.52 145
2006 655 93.35 142
2007 706 101.91 144
2008 704 103.79 147
2009 652 88.09 135

Competitors[edit]

Main competitors[edit]

Apart from the producers and foreign distributors, in France, there are some important companies, which, although their market share is weak with regard to that of EDF, are a significant competition. These are:

  • GDF Suez: the company formed after the merger of Gaz de France and Suez clearly intends to produce its own electricity, has bought stake in the future EPR nuclear reactors and is poised to become the most credible competitor of EDF in the newly liberalised French electricity market;
  • SNET (Société nationale d'électricité et de thermique): This company is the successor of depleting coal companies and primarily produce thermal electricity (2,5 TWh). Its capital (81%) belonged predominantly to Collieries of France and with EDF. A portion of the capital (30%) was sold to Endesa, the main Spanish electricity producer, another portion of 35% was sold in 2004. As of 2008 Endesa holds 65% of the equity of the generating company Snet;[28]
  • CNR (Compagnie nationale du Rhône): the capital of which is predominantly public, the company exploits 19 hydroelectric plants installed on the banks of the Rhône. Its production of 19 TWh makes it the second largest French producer with 4% of the market. CNR signed a partnership agreement with Electrabel (a Belgian subsidiary of Suez);
  • SHEM (Société hydro-électrique du Midi): a subsidiary of SNCF, of which it produces about 1/3 of the electricity used by SNCF. This company will probably be sold as part of a policy of refocusing of SNCF in due time. A partnership agreement was signed with Electrabel.

Locally controlled or between local councils[edit]

Among the other rivals of EDF, one can count a number of municipally governed companies, known under the generic term 'entreprises locales de distribution' ('local businesses of distribution'), who are electricity producers exploiting EDF's network.

The nationalisation of electricity and gas on 8 April 1946, which profoundly changed the French electrical and gas organization, had however acknowledged the right of villages to keep their role in the public distribution of electricity and gas.

In 1946, certain firms, villages or groups of villages, did not accept the proposal of nationalisation and created autonomous state controls (who held the monopoly of distribution, until 2004, in their area). To note, contrary to the initial idea, local controllers of electricity, have had, since 1946, the choice to continue to produce electricity. In fact, their production was rather marginal, except in Rhône-Alpes; having often preferred buying the majority of the electrical power from EDF. With the recent opening of the electricity market, local controllers are considering developing, augmenting and diversifying their own production, (e.g. Ouest Énergie, the subsidiary company of SIEDS) and/or to diversify their sources of supply.

To date, the number of local businesses of distribution is approximately 170 and holds 5% of the distribution of French electrical power in 2,500 villages. Created by local authorities, they serve about 3 million people and represent 7,000 jobs. Around thirty of them – 9 during creation in 1962 – are federated in a national entity known as ANROC.[29]

Several departments are not therefore served entirely or partly by EDF, for instance:

  • Deux-Sèvres, supplied by SIEDS: Labour union between local councils of Electricity of Deux-Sèvres;
  • Vienne, supplied by SIEEDV: Labour union between local councils of Electricity and Works of the Department of Vienne;
  • Charente-Maritime, supplied by SDEER: Labour union of Electricity and Rural Works of the Department of Charente-Maritime;
  • Gironde, supplied by Gironde Electricity. However, the company was sold to EDF at the beginning of 2000 because it could not financially maintain the damage of the severe weather of December 1999, on its network;
  • Alsace;
  • Rhône-Alpes.

See also[edit]

References[edit]

  1. ^ a b c d e f "Annual Results 2010" (PDF). Électricité de France. Retrieved 16 February 2011. 
  2. ^ http://www.lepoint.fr/economie/les-dix-principaux-producteurs-d-electricite-dans-le-monde-10-08-2010-1223756_28.php
  3. ^ "Activités". EDF website. Retrieved 11 November 2011. 
  4. ^ "EDF : Pierre Gadonneix a son bureau avenue de Wagram." Le Journal du Net. Retrieved on 25 November 2010. "Cependant, le siège social se situe intra-muros, avenue de Wagram, dans le 8e arrondissement."
  5. ^ EDF Group, Key Figures
  6. ^ EDF en Espagne
  7. ^ a b Document de Référence. Paris: EDF. 2009. pp. 33–34. 
  8. ^ Tiersky, Ronald (2004). Europe today: National politics, European integration, and European security. London: Rowman & Littlefield. p. 280. 
  9. ^ Bennhold, Katrin (21 November 2005). "EDF shares fail to light up market". International Herald Tribune. Retrieved 11 July 2008. 
  10. ^ "Shareholding policy". Électricité de France. 31 December 2007. Retrieved 5 April 2009. 
  11. ^ "French become UK's biggest power distributor". The Independent. 20 November 2001. 
  12. ^ "Electricite de France profits fall 74% on downturn". 15 February 2011. Retrieved 11 November 2011. 
  13. ^ "EDF sells shares in US utility Exelon". Nuclear Engineering International. 14 January 2013. Retrieved 26 January 2013. 
  14. ^ Frankfurter Rundschau, 13 October 2009
  15. ^ "EDF eyes development of new, smaller reactors - papers". Reuters. 21 March 2013. Retrieved 18 April 2013. 
  16. ^ Richard Black (10 November 2011). "EDF fined for spying on Greenpeace nuclear campaign". BBC. Retrieved 11 November 2011. 
  17. ^ Hanna Gersmann (10 November 2011). "EDF fined €1.5m for spying on Greenpeace". The Guardian. Retrieved 11 November 2011. 
  18. ^ Henry Samuel (10 November 2011). "EDF found guilty of spying on Greenpeace France". The Telegraph. 
  19. ^ a b c Nathalie Balsan-Duverneuil (26 January 2012). "Un "Anonymous" a été arrêté dans le département". Midi Libre. Retrieved 15 February 2013. 
  20. ^ Dave Levitan (27 June 2011). "France Doubles Down on Nuclear Power". IEEE Spectrum. Retrieved 15 February 2013. 
  21. ^ Elodie Gueguen (26 January 2012). "Des Anonymous en garde à vue". France Info. Retrieved 15 February 2013. 
  22. ^ Garvin, Daniel (21 February 2013). "How to occupy a power station: exclusive footage of No Dash For Gas as they prepare to shut down the West Burton plant – video". The Guardian. Retrieved 1 March 2013. "Environmental activists No Dash For Gas occupied two 300ft chimneys at the EDF-owned gas-fired power station in West Burton, Nottinghamshire, in November 2012. Exclusive footage shows the group's meticulous preparation for the action. They closed the facility for eight days – the longest occupation of a power plant in the UK. Protesters reject government plans to invest heavily in new gas power stations and instead call for massive investment in renewables" 
  23. ^ "Press release: EDF suing climate activists for £5 million - protesters face losing homes". No Dash for Gas. 20 February 2013. Retrieved 27 February 2013. "Following the week-long shut-down and occupation of EDF’s West Burton gas-fired power station last October by campaign group 'No Dash for Gas', EDF has launched a civil claim for damages against the group and associated activists for costs the company claims to have incurred – a figure it puts at £5 million" 
  24. ^ Ball, James (20 February 2013). "Activists claim police siding with power company EDF in lawsuit". The Guardian. Retrieved 27 February 2013. "The action includes an injunction barring those named from the site, but – in an unusual move in the UK – also has a provision to recover damages, interest, and court costs from the activists. ... John Sauven, the executive director of Greenpeace ... "EDF's lawsuit represents the opening of a new front against peaceful protest"" 
  25. ^ Ball, James (13 March 2013). "EDF drops lawsuit against environmental activists after backlash". The Guardian. Retrieved 14 March 2013. 
  26. ^ EDF et Toyota annoncent un partenariat technologique en Europe relatif aux véhicules hybrides rechargeables
  27. ^ http://www.environmentalleader.com/2008/10/13/french-president-gives-evs-hybrids-green-light/
  28. ^ source
  29. ^ [1]

External links[edit]