Net debt of EDF Group FY 2014-2024

The net indebtedness of the French electricity company EDF Group amounted to over

billion euros in 2024, after peaking at billion euros two years earlier. To face the energy crisis in 2022, the French government decided to nationalize the company to provide an independent source of energy to the country. As of July 2023, the French government owned percent of the EDF Group’s capital.

One of the big ones

EDF Group was one of the worldwide leaders in energy supply. In 2024, it had a revenue of

 billion euros, although its net income amounted to billion euros. A considerable share of its revenues was produced by the French nuclear energy sector, which EDF owned entirely, accounting for about  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.