The Mexican Institute of Finance Executives (IMEF) warned that the new law of the electricity sector can generate inefficiencies and distortions in the market, as an increase in electricity costs and a competition restriction.
“The new law of the electricity sector could restrict competition and increase electricity costs,” said Gerardo Canseco, president of the National Energy Technical Committee and Infrastructure.
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The recent promulgations of the new law and the new law of the hydrocarbons sector have generated great expectations in our industry, he said in the framework of the Forum: The new rules of the game.
“For 6 years we maintained a regulatory framework in energy that was not accepted by the government in turn, and therefore, there was a paralysis in the electricity and hydrocarbons sector,” he said.
“Now, the new constitutional framework and new laws reflect the vision of the party that the majority obtained in the elections,” he said.
“Therefore, there is the great expectation of movement, of activity that can transform and modernize the energy sector of Mexico, promoting investment, sustainability and energy security,” he added.
He added that the new law of the electricity sector establishes a regulatory framework that aims to promote private and public investment in new generation plants and transmission infrastructure.
He recalled that after legal changes, the State maintains a predominant participation in the generation and marketing of electricity, with at least 54 percent of the energy injected to the network from state sources.
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“This law also aims to promote the use of renewable energy and energy efficiency, which is fundamental for the sustainable development of our country,” he said.
“Today, more than ever, it is crucial to understand the new rules of the game that will mold the electricity sector,” said IMEF representative.
“From energy geopolitics to the development of new technologies such as blockchain and artificial intelligence, through transport and mobility infrastructure, each of these issues has a significant impact on our work and in the future of our country,” he added.
“The new Law of the Hydrocarbons Sector redefines the organization of the sector, establishing binding planning led by the Ministry of Energy (Sener),” he said.
“This law seeks to guarantee the sovereignty and energy security of the nation, promoting justice and energy transition,” he said.
“There are new assignments schemes for Petróleos Mexicanos (PEMEX), allowing both self -development and mixed development in collaboration with the private sector,” he said.
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“We will have the opportunity to listen to outstanding speakers and panelists who will share their knowledge and experience in key areas such as the international oil market, the Mexico Plan, and the financing of energy and infrastructure projects.”
“These discussions will not only allow us to deepen our understanding of the issues, but also collaborate and generate innovative ideas that promote the sustainable development and competitiveness of Mexico,” concluded Gerardo Canseco.
