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.
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.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI