THIS IS MEXICO ENERGY REVIEW 2017

Mexico has left behind an energy monopoly that lasted over 70 years. It did so in less than three. From the proclamation of the much-hailed Energy Reform in 2013 to the first two long-term electricity auctions in 2016, the country has achieved something that many market participants did not believe possible on such short notice. While the energy regulators did their part, the government piled on the pressure by agreeing to energy efficiency and climate change targets with the UN’s COP21 that look to implement a much greener energy mix by the middle of the century.

In this new and dynamic environment, solar and wind power technologies are storming the industry as the main winners of the power auctions, while both the CFE and private players are starting to revamp old and inefficient hydrocarbon-fueled plants to run the nation’s baseload capacity on much cleaner and cheaper natural gas. Among other developments, 2017 will see the entry of private sector players as partners with CFE in transmission, starting with the highly awaited tender for a HVDC line connecting Oaxaca and the Valley of Mexico. The launch of the wholesale electricity market in January 2016 was a breakthrough in the transformation of Mexico’s electricity industry, bringing it closer to modern standards of power generation and trading. Novelty and uncertainty are keeping some companies from entering the new model but growing interest from generators, qualified suppliers, off-takers and traders has started to lift the barriers, supported by the performance of public entities.

Other obstacles, however, remain. With over 180 interviews, Mexico Energy Review 2017 paints the picture of the country’s radically transformed power market, bringing relevant players, old and new, together in one book. 2017

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