AMLO Seeks More Market for Mexico’s Utility with New Reform
- Bill looks to strengthen state utility with 54% market share
- Energy market regulators to be absorbed by state agencies
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Mexican President Andres Manuel Lopez Obrador is trying to amend the constitution to give the state utility more power and reduce competition, marking a major blow to the nascent private energy sector.
The bill would cancel most permits awarded to private companies for electricity generation, in efforts to ensure the state-owned power utility Comision Federal de Electricidad holds onto 54% of the market. It would also have independent energy regulators be absorbed into government agencies.