ANNUAL RESULTS 2020
Strategy and
investments
ESG
Renewables
Regulated
LINKY (1) SMART METERS DEPLOYMENT
2014-2021 Investment pattern
€bn
0.3
0.1
0.1
0.8
0.8
0.7
0.6
0.5
2014
2015
2016
2017
2018 2019 2020
2021(2)
Linky-Remuneration
7.25%
Nominal rate of return on assets before tax
+
3%
→ almost guaranteed
Additional premium (3)
(1)
(2)
Linky is a project led by Enedis, an independent EDF subsidiary as defined in the French Energy Code
Figures established on the basis of the best view to date of the recovery post Covid-1
France Generation and
supply
Consolidated sales
Operational data and markets
Key elements
•
Goal of about 34.2 million Linky meters installed by end-2021.
The projected trajectory for 2021 catches up with the remaining backlog from
the Covid-lockdown of spring 2020.
About €4bn investment over the 2014-2021 roll-out period.
Specific regulation over a 20-year period (RAB and Linky-dedicated
remuneration).
Q1 2021 key points
•
The 31.2 million delivery points equipped with Linky meters mark was reached at
end-March: more than 90% of roll-out target reached at end-March 2021
.
Regarding the process of opening the services of installed meters, 95% of the
2015-2021 objective (incentive-based regulation) is reached at end march-2021.
(3) Additional premium of 3% / Penalties of -2 %, depending on the respect of costs, deadlines and performance of the system during the deployment phase
EDF
SALES FIRST QUARTER 2021
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