Power Sells at Almost $20 in Mexico Market, Close to Texas Price

  • Competitive power markets seen boosting demand for natural gas
  • Shift is seen decreasing role of oil in power generation

Power sold at 354.69 pesos ($19.21) a megawatt-hour in the first day of trading on Mexico’s competitive electricity market, just below the price in Texas, as the country continued its shift away from state control.

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