MEXICO CITY (AP) — U.S. Energy Secretary Ernest Moniz was in Mexico Saturday to sign a framework agreement on principles aimed at building the kind of cross-border electricity market with Mexico that the United States already has with Canada.
"Mexico has excellent renewable resources, and on the southern (U.S.) border, those states all have ambitious renewable targets," he said.
Mexico has also started relying on imports of U.S. natural gas to run cleaner power plants.
"You'll probably see more renewables flowing north... and more gas flowing south," Moniz said.
Mexican Energy Department officials said the new framework would be overseen or implemented by the NERC, The North American Electric Reliability Corporation. NERC is a nonprofit international regulatory authority that focuses on maintaining the reliability and security of the bulk power system in North America.