Business Strategy and Outlook
| Tancrede Fulop |EDF, is the owner of the world’s largest nuclear fleet. The French state owns 84.10% of the capital. To foster the ramp-up of competitors in electricity supply, the ARENH mechanism was implemented in 2011 and will expire in 2025. It obliges EDF to sell 25% of its French nuclear production at a fixed price of EUR 42/MWh, unchanged since 2011.