The president of Mexico, Claudia Sheinbaum, explained during her morning conference the plans for the energy reform that will take place in the country. She made it clear that private companies wishing to enter the Mexican energy market must comply with certain rules, including the obligation to have battery banks and systems that ensure voltage consistency.
"With the new reform, the State will provide 54% of the energy to Mexicans, and for the remaining percentage, private investments will be facilitated, as long as the effective transmission of the produced energy is ensured," emphasized Sheinbaum. She highlighted that there will be space for private investment, but within an established regulatory framework.
In February 2024, tensions arose between the Spanish company Iberdrola and the administration of former president Andrés Manuel López Obrador, resulting in the purchase of 13 power plants by the Mexican State from Iberdrola for about 6.2 billion dollars. Following the approval of new rules for the use of energy storage batteries in the National Electric System (SEN), Iberdrola envisions an opportunity to enter the Mexican market.
The proposed constitutional reform is considered fundamental, as it seeks to return state-owned companies PEMEX and CFE to the Mexican people and partially reverse the privatization that occurred in 2013. Sheinbaum reiterated her commitment to rescue PEMEX, the most indebted oil company in the world, and announced the goal of increasing the share of renewable energies in the country to 45% by 2030.
In Sheinbaum's words, "the rules will change," and private companies interested in entering the Mexican energy market must meet certain technical requirements to avoid issues. The president emphasized that the entry of Iberdrola and other foreign companies into the Mexican energy market will be subject to the new regulations.
