• EDF offering 10.6 TWh of long term contracts to utilities, distributors and businesses
• Contracts will include competitors and businesses outside France
• Medium term contracts doing well with more customers signed

PARIS, Nov 13 (Reuters) - France's EDF said on Thursday it is looking to expand its long-term contracts to include competitors and more power consumers.

EDF is looking to lock in an extra 10.6 terawatt-hours (TWh) of long-term power contracts to utilities, power distributors and other large consumers for delivery starting in January 2027, reducing its exposure to volatile energy prices.

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"The goal is to provide solutions for French industry and for industrial and economic sectors to ensure they are efficient, sustainable, and resilient," said EDF's executive director in charge of clients and services, Marc Benayoun.

EDF's call for interest in the contracts, known as nuclear production allocation contracts (CAPN), comes after it struggled to sign long-term deals with industrial users, who are facing weak demand.

Market prices for next year are currently much lower than those offered in long-term contracts, making it difficult to sign up customers for longer periods.

However, EDF said it has interest in its medium term contracts that go over 4 to 5 years, with more than double the volumes signed up compared to the long-term contracts for a combined 35 to 40 TWh.

"Many players, after the experience they had in (during the energy crisis), want to have a contract that offers attractive price levels and whose terms are fixed," Benayoun said.

EDF estimates it will produce between 350 and 370 TWh of power from its domestic nuclear reactors in 2026 and 2027, with the CAPN scheme aimed at covering almost 10% of its production.

The contracts will eventually be open to all players in Europe, Benayoun told reporters.

Former EDF CEO Luc Remont tried to open contracts for delivery to heavy industry outside France at the start of the year, but this angered French industry and contributed to his ouster a few weeks later.

https://www.reuters.com/business/energy/frances-edf-offer-long-term-contracts-more-customers-2025-11-13/