Mexico releases new regulations as part of its big Energy Reform
Mexico City Cathedral, Mexico (source: flickr/ Francisco Diez, creative commons)
Francisco Rojas
10 Nov 2014
Lexology has recently released a news piece providing the general layout of the new large scale Energy Reform legislation approved back on August and now provides some clarification.
Very significant changes are upon the Mexican energy markets due to changes in legislation. The direct impact on geothermal is not yet clear but most likely will be linked to the impact, development and participation of private entities on the geothermal industry.
One of the main changes focuses on the participation of private companies in the electricity market, “Regulation of the Electricity Law (Reglamento de la Ley de la Industria Electrica) restructures the industry, and it enables and encourages private parties to participate in the market, sets the ground rules for a wholesale electric market, and addresses permitting for power generation projects. As part of a separate package, the Mexican government also issued the final criteria for regulating the Clean Energy Certificates described in the Electricity Law.” says Lexology
Regarding the geothermal industry, “Regulation of the Geothermal Energy Law (Reglamento de la Ley de Energia Geotermica) specifies the manner in which private parties may develop geothermal energy resources in Mexico.” There are sparse details, but we will follow up with more specific changes in the regulatory framework shortly.
The same source states that “Although the Regulations provide a substantial overall framework for the implementation of the Secondary Laws and the overhaul of the Mexican energy regulatory sector, a number of pending directives and rulings from various Mexican governmental entities are expected to provide additional details on the future of Mexico’s energy industry”
To read the full article, please follow the link below:
Source: Lexology
