JERA and EDF Trading will merge their Japan power trading businesses into JERA Global Markets (JERAGM), their Singapore-based joint venture, on April 1, 2025, the companies announced on March 27, 2025.
“The integrated Japanese power trading activities are expected to benefit from JERAGM’s comprehensive trading platform, governance and risk management frameworks,” said the statement. The new joint business will operate out of JERA Global Markets’ Tokyo office.
Founded in 2017 as JERA Trading, the company 66.67%-owned by JERA and 33.33% by EDF Trading, was renamed to JERA Global Markets in 2019. The partnership traces its origins to 2008 when Chubu Electric Power, which in 2015 established JERA jointly with TEPCO, and EDF Trading started working together on coal supply arrangements.
Separately, expected to be completed by the end of September 2025, JERA and BP will merge their offshore wind business into a 50:50 joint venture JERA Nex bp.
