A PYMNTS Company

Mexico: First private provider to compete in electric market

By  |  February 2, 2016

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.