Mexico: First private provider to compete in electric market

Mexico’s Secretary for Energy, Pedro Joaquin Coldwell, has announced the opening of the wholesale electric market to private investors, starting January 29th. To date only a single company has managed to obtain the necessary certifications as a qualified supplier. Therefore, Energía BuenaVista will become the sole competitor to federal electricity company CFE.

A widespread reform to Mexico’s energy sector last year included the opening of Mexico’s electric market to competition. Energía BuenaVista will now act as a middle-man between electricity producers and buyers, much as the CFE currently does.

Mr. Coldwell has assured media that more companies will soon join the market alongside BuenaVista, hoping for the electric market to mature by 2017. However, he pointed out, that similar processes have taken up to five years in other countries.

Full content: La Razón

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