Mexico presents guidelines for planned first electricity market auction
Mexico's Energy Secretariat presents guidelines for the first electricity market auction planned, with a call for bids and the award of contracts in March 2016.
Reported locally, the Energy Secretariat of Mexico recently presented guidelines for the country’s planned electricity market auction. In these first auction, a wider process will be started that will include a call for bids and the award of contracts in March 2016.
As part of this auction, 20-year Clean Energy Certificates, or CELs, and 15-year contracts for generation projects of any kind will be awarded to private bidders, Energy Secretary Pedro Joaquin Coldwell said Wednesday.
Mexico is creating a market for tradable CELs as part of the historic 2013 electricity sector restructuring, which ended state-owned power company CFE’s monopoly on electricity generation, transmission and distribution activities.
The secretary recalled that currently only CFE sells power to residential and commercial users and therefore on this occasion will be the only buyer of energy from companies that are issued the certificates.
“But in the future (new wholesale) suppliers will be able to participate to acquire energy,” Coldwell said.
The secretary said this auction reflected the “new energy paradigm promoted by President Enrique Peña Nieto.” EFE
Details about the guidelines can be found via an article by law firm Chadbourne from this month.
Source: Fox News Latino