Mexico Power Report Q3 2016

Date: May 18, 2016
Pages: 61
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: The launch of a wholesale power market and the success of the first long-term energy auction in Mexico underscore the multiple business opportunities that will be on offer in the country's reformed power sector. Coupled with robust macroeconomic prospects, significant public investment and our forecast for strong growth in power consumption, these regulatory advancements support our positive outlook for the Mexican power sector over the coming decade - with natural gas and renewables to outperform.

Latest Updates And Structural Trends
  • Mexico's wholesale electricity market was launched in late January 2016. Under the reformed power market, the state-controlled utility ComisiĆ³n Federal de Electricidad (CFE) - broken down in subsidiaries with budget and functional independence - and private market participants make offers to sell and buy electricity and ancillary services in day-ahead, hour-ahead and real-time markets. In addition, power generators are able to sell electricity to the CFE (via long-term and medium-term auctions to supply regulated clients) or directly to qualified consumers via bilateral contracts. Finally, the new market structure introduces Clean Energy Certificates (CEL).
  • Solar and wind power dominated Mexico's first long-term energy auction, reinforcing our positive outlook for the Mexican renewables sector. Finalised in early April 2016, the tender awarded 15-year power purchase agreements and 20-year clean energy certificates (CEL) to 12 new solar power projects and five new wind farms. Mexico's low cost of labour, ideal natural conditions and significant domestic manufacturing capacity for solar and wind components allowed companies to present bids at very competitive prices. With power delivery from the projects expected to start in 2018, we have revised up our forecasts for solar and wind power capacity and generation in Mexico over our 10-year forecast period.
  • On March 29, the agreement for the unbundling of the CFE was published on Mexico's official gazette, with the functional and regional separation of the company expected to be completed in June 2016. Under this regulation, the CFE will be separated in a number of independent companies that will carry out the activities of power generation, transmission, distribution and commercialisation. The units will have functional and regional diversification and will be financially distinct from each other.
BMI Industry View
  Table: Headline Power Forecast (Mexico 2014-2020)
Industry Forecast
Mexico Snapshot
  Table: Country Snapshot: Economic and Demographic Data (Mexico 2015-2020)
  Table: Country Snapshot: Economic and Demographic Data (Mexico 2020-2025)
  Table: Country Snapshot: Power Sector
Mexico Power Forecast Scenario
Thermal Generation And Capacity Forecast
Hydropower Generation And Capacity Forecast
Non-Hydropower Renewables Generation And Capacity Forecast
Nuclear Power Generation And Capacity Forecast
Electricity Generation And Power Generating Capacity
  Table: Total Electricity Generation Data And Forecasts (Mexico 2014-2019)
  Table: Total Electricity Generation Data And Forecasts (Mexico 2020-2025)
  Table: Electricity Generating Capacity Data And Forecasts (Mexico 2014-2019)
  Table: Electricity Generating Capacity Data And Forecasts (Mexico 2020-2025)
Electricity Consumption
  Table: Total Electricity Consumption Data And Forecasts (Mexico 2014-2019)
  Table: Total Electricity Consumption Data And Forecasts (Mexico 2020-2025)
Transmission And Distribution, Imports And Exports
  Table: Electric Power T&D Losses Data And Forecasts (Mexico 2014-2019)
  Table: Electric Power T&D Losses Data And Forecasts (Mexico 2020-2025)
  Table: Trade Data And Forecasts (Mexico 2014-2019)
  Table: Trade Data And Forecasts (Mexico 2020-2025)
Industry Risk Reward Index
Mexico Power Risk/Reward Index
Latin America - LatAm RRI: Argentina Gaining Amid Chile's Continued Outperformance
Market Overview
Key Policies And Market Structure
Regulation And Competition
Sustainable Energy Policies
Mexico Power Projects Database
Competitive Landscape
  Table: Pemex Cogeneration Projects
ComisiĆ³n Federal de Electricidad
Gas Natural Fenosa
Regional Overview
Latin America - LatAm Power: Key Regional Themes
  Table: BMI's Key Themes For Latin America's Power Industry In 2016 And Beyond
  Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Power Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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