Energy & Science
Mexico Grants Powers for Public Utility, Hurting Renewables
- New regulation was approved in the official gazette on Friday
- Rules would impose limitations on new solar, wind projects
Wind turbines stand near a highway in the town of Dzilam de Bravo near Merida, Yucatan, Mexico.
Photographer: Brett Gundlock/BloombergThis article is for subscribers only.
Mexico has fast-tracked measures granting more authority to the state utility at the expense of clean energy companies, ignoring regulator and industry concerns over the economic and environmental impacts of the new measures.
The proposal by the Energy Ministry was approved and published in Mexico’s official gazette on Friday evening. It comes after the National Commission for Regulatory Improvement, known as Conamer, had tried to stall the process to request further regulatory impact studies, arguing it would cost companies to comply with the new rules.