March 7 (Renewables Now) - In the run up to this year's edition of Mexico's clean energy & mobility exhibition and congress MIREC, Renewables Now has produced an extensive report on the ongoing energy reform and the power sector transformation in Mexico – in retrospective and in perspective up until 2030.
Just five years back, the generation, transmission, distribution and supply of electricity were all exclusively reserved to a state-owned monopoly called the Comisión Federal de Electricidad (the CFE). The energy sector attracted little foreign investment and had only a few operational renewable energy projects. It all changed in 2014, when, as part of a package of reforms, the government passed the Electricity Industry Law (Ley de la Industria Eléctrica) and started the process of a profound transformation of the power market - from a vertically integrated utility –controlled sector to a liberalized generation market with more opportunities for private companies.
Clean energy has been an integral part of the power reform from the onset. Decarbonisation objectives have been integrated into the design of the electricity market reform itself in the form of quota obligations for clean energy certificates (CELs).
This year, the minimum level of consumption from emission-free technologies which needs to be proved via CELs is set at 5% for all large consumers, including CFE. It will increase to 5.8% in 2019, 7.4% in 2020, 10.9% in 2021 and 13.9% in 2022 as Mexico chases after an aggressive mandate to generate 35% of its power from clean sources by 2024.
The Big Mexico Renewable Energy Report will give you an overview of the ongoing energy reform and the power sector transformation in Mexico – in retrospective and in perspective up until 2030.
It analyses in detail the results from energy auctions so far, the new auction design and the role of the clearing house that made its debut in the November 2017 auction as well as the development of the solar and wind power markets, including corporate (C&I) renewable energy procurement.
Key grid upgrades and energy storage development come next and last but not least the report will offer some insights on finance and key market participants.
The 36-pages report can be downloaded for free at MIRECWEEK.com