Adds analysts feedback on impacts of the reform
MEXICO CITY, March 18 (Reuters) – The Mexican spot market would probably be abolished with the electrical energy reform proposed by President Andres Manuel Lopez Obrador’s authorities, stated a Fitch analyst.
Non-public events would solely be allowed to generate power for the state-owned Comision Federal de Electricidad (CFE), stated Jesus Enriquez, Fitch’s director of Infrastructure & Undertaking Finance in Latin America throughout a webinar concerning the Mexican power Reform.
If the reform is handed, “CFE would be the solely entity within the nation in a position to purchase and promote its electrical energy to closing customers, so there can be no must have a market anymore,” stated Enriquez.
The Federal Financial Competitors Fee (COFECE) has beforehand advisable that lawmakers don’t approve the invoice championed by the president, who argues it’s wanted to maintain power costs low.
(Reporting by Valentine Hilaire; modifying by Jonathan Oatis)
((Valentine.Hilaire@thomsonreuters.com;))
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