Mexico's power industry law brings new terms for renewables

Mexico's Power Industry Law is to play a key role in the federal government's energy reform.

According to Legal Monitor Worldwide, the law focuses on three areas: generation, transmission and distribution and trading.

Generation will be opened to private companies under non-discriminatory laws that will not favor the public sector.

In terms of transmission and distribution, the government will allow private companies to be in charge of infrastructure financing, installation, operation, maintenance and improvement.

Private firms will be allowed to purchase and sell energy through long-term contracts with freely negotiated prices.

The law also requires state-owned utility CFE to purchase renewable energy before any other sources of energy.

Mexico aims to generate at least 35 per cent of its power from renewable sources by 2024, while reducing greenhouse emissions by 30 per cent by 2020.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...