The Mexican government presented a draft law for the electricity sector that proposes to reform the country's energy system. According to this document, electricity generation can be carried out through mixed investment schemes with state participation of no less than 54%.
President Claudia Sheinbaum announced the presentation of the secondary laws of this energy reform, aimed at simplifying the structures of the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex). These modifications are expected to strengthen the role of both state-owned companies as guarantors of energy production for the Mexican people and national sovereignty.
The proposal, explained by Energy Secretary Luz Elena González, consists of six main laws and the harmonization of another five, with the aim of promoting a fair energy transition. It seeks to particularly address vulnerable populations and return Pemex and CFE to the control of the State and the people of Mexico, eliminating existing subsidiaries and affiliates.
The reform also includes assigning a special regime for the management of the budget, accounting, and debt of both state-owned companies. According to Sheinbaum, these modifications will allow for better functioning of CFE and Pemex, as well as recognizing the key role of public companies in the economic and social development of the country.
The President described these changes as a reversal of the 2013 reform, which opened the energy sector to private investment. This reform is presented as part of Sheinbaum's "Plan México" to strengthen national sovereignty and the strategic role of state-owned companies in energy production.
