Natural resources play a central role in Mexico’s energy policy due to the fact they allow electricity to be generated, diversifying the energy grid and contributing to sustainable energy security.
In August 2014, secondary legislation on energy reform was published, which included the creation and amendment of 21 laws. For the electricity sector, four elements can be highlighted that will provide a driving force for clean energy.
First, the new Electric Industry Law establishes the obligation to create a wholesale electricity market, with the aim of achieving competency in generation to ensure that the electricity tariffs are more competitive so as to benefit consumers. Second, the obligation of having a minimum percentage of clean energies, via the so-called Clean Energy Certificates, thereby guaranteeing that the country’s generation portfolio achieves the target established for 2024, “35% of generation from non-fossil resources”. Third, to guarantee the correct operation of the market and the compliance of the clean generation portfolio, the energy reform also established the creation of an independent system operator. Finally, to promote a resource of which Mexico has an extraordinary reserve, a specific law was designed to promote and develop geothermal energy.
Leonardo Beltrán Rodríguez
Under-Secretary for Planning and Energy Transition of the Secretariat for Energy (SENER)
Article published in: FuturENERGY January-February 2015