The Mexican government approved a series of energy reforms aimed at strengthening state-owned companies, such as PEMEX and CFE, ensuring stability in the sector, and promoting energy justice. These reforms seek to improve the oversight of the fuel market and ensure that the energy sector operates under principles of efficiency, sustainability, and accessibility for the entire population. Energy is now considered a strategic input for the country's development.
Changes such as the strengthening of PEMEX and CFE, the simplification of their tax regime with the creation of the Petroleum Law for Welfare, and the establishment of the National Energy Commission (CNE) to improve oversight and planning in the sector are highlighted. These reforms mark a milestone in the current government's energy policy and redefine the role of the state in the provision and regulation of energy in Mexico. Clearer rules are established, promoting greater coordination in the country's energy development.
Additionally, the concept of energy justice is recognized for the first time in Mexican legislation. The new legislation aims to ensure electricity supply from a rights perspective, avoiding excessive increases in rates. It also grants PEMEX preference in areas of exploration and extraction of hydrocarbons and the possibility to collaborate with private initiatives.
In the electric sector, it is guaranteed that at least 54% of the energy will come from CFE, with the goal of reducing energy poverty and inequalities in access to and use of energy. A fuel traceability scheme will be implemented to control the importation and sale of hydrocarbons. These reforms represent a decisive step in consolidating Mexico's energy sovereignty and seek to establish a strong, reliable, and sustainable energy sector.
