LONDON – November 30, 2022 – Further to the announcement made on September 12, 2022, and following the satisfaction of all necessary conditions precedent, EDF Trading Limited, a wholly-owned subsidiary of EDF S.A., has today announced the completion of the sale of its North American retail business, EDF Energy Services, to bp.
For further information, please contact:
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
EDF Trading is a leader in the international wholesale energy markets. The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.
EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets. It is also active in the LNG and coal and freight markets via JERA Global Markets* (“JERAGM*”). EDF Trading is one of the largest wholesale market traders in Europe for power and gas. In North America, EDF is one of the leading marketers of gas and power and one of the main providers of generation services for power generation companies.
*JERAGM is a joint venture between JERA Co., Inc. (66.67% through JERA Trading International Pte. Ltd. equity) and EDF Trading (33.33% equity). JERAGM operates one of the largest seaborne energy portfolios in the world.
EDF Trading is a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production.
EDF Trading has around 700 employees with key offices in London, Paris, Singapore and Houston.