In December 2024, one company joined the Electric Power Reserve Exchange (EPRX), which runs Japan’s balancing market. No members left the exchange. As such, as of the end of December 2024, EPRX had 83 members.
The one company that joined the exchange was JERA Cross, a wholly-owned subsidiary of JERA, which is involved in a variety of renewable energy-related businesses including aggregation and PPAs.
EPRX was established on April 1, 2024, to take over the operation of Japan’s balancing market, which was partially launched in April 2021, from a cooperative of Japan’s nine mainland TSOs.
