Mexico's Senate approved a constitutional amendment giving state-owned CFE priority in electricity dispatch, tightening government control over the energy sector.
Mexico ’s Senate approved amendments in the constitution that give preference to state electricity firm CFE over other companies in dispatching electricity to the system. The constitutional amendment was passed in the Senate with 86 votes in favor to 39 against. This met the requirement of a two-thirds majority of votes in favor of amending the constitution.
Under the change, national grid operator Cenace will be required to take first and prioritize electricity from the power plants owned and operated by the state company CFE regardless of the price and whether it is more expensive than the electricity generated from private power producers. The new Mexican Parliament is also moving to give the president more control over Pemex and CFE.
Senate CFE Electricity Energy Sector State-Owned Enterprises Pemex Oil Production Reforms Foreign Investment
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