Mexico’s antitrust regulator stated on Monday, June 22, it had filed a suit at the Supreme Court against the energy ministry, arguing that steps taken by the government last month were in breach of free competition under the constitution.
On May 15, the ministry published a set of rules giving the state more control over approval of new renewable energy projects, intensifying concerns the government was violating existing contracts and bent on squeezing out companies.
The Federal Economic Competition Commission (Cofece) said in a statement that the energy ministry’s new dispositions violated the fundamental principles of “free competition,” and urged the Supreme Court to rule on the matter.
The ministry’s move “seriously affects” the structure of the electricity sector and impedes access to transmission and distribution networks, as well as favoring certain participants and hampering the ability of others to compete, Cofece said.
President Andres Manuel Lopez Obrador has vowed to strengthen the state’s role in energy production, arguing that previous governments handed too much control to the private sector at the expense of consumers.
Full Content: COFECE
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI