PULSE NEWS MEXICO Mexico’s Energy Regulatory Commission (CRE) on Friday, May 27, fined Iberdrola Energía Monterrey an exuberant amount of 9,145,388,400 pesos for the sale of energy to customers that were not original partners in its self-supply permit. When Iberdrola opened the plant in question, its total investment was 9 billion pesos, that is 145,388,400 less than the fine imposed
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By THE PULSE NEWS MEXIXO STAFF After the Mexican government obtained a court order in February allowing it to disconnect two electric grids owned by the Spanish-owned energy firm Iberdrola in its Dulces Nombres plant, the company announced Tuesday, March 29, that is will once again begin operations in the near future. On Feb. 1, after the expiration of Iberdrola’s
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By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
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By KELIN DILLON As Mexican President Andrés Manuel López Obrador’s (AMLO) intention to reform Mexico’s energy sector to favor state-owned oil company Petróleos Mexicanos (Pemex) has resulted in the reduction of fuel import permits and the cancellation of storage operations, private and foreign companies alike have been forced to reignite a working relationship with Pemex in order to obtain sufficient
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By THE PULSE NEWS MEXICO STAFF A federal judge in the northern Mexican industrial city of Monterrey, Nuevo León, warned Monday, Feb. 14, that denying permit renewals to the Spanish-owned Iberdrola energy company would have “devastating consequences” for the companies it supplies. Iberdrola, one of several private Spanish-owned energy firms that have borne the brunt of President Andrés Manuel López
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By KELIN DILLON Following a Dec. 17 decision by Mexican Secretary of Energy Rocío Nahle, the nation’s Energy Regulatory Commission (CRE) now plans to revoke the self-supply permit it had previously issued to Energía Eólica del Sur (EES) to run Latin America’s largest wind farm out of El Espinal and Juchitán, Oaxaca, as part of Mexican President Andrés Manuel López
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By KELIN DILLON According to new data, Mexico’s state-owned electric company, the Federal Electricity Commission (CFE), has increased its generation costs by 23 percent while in operation under the administration of President Andrés Manuel López Obrador (AMLO). While the average cost in CFE plants stood at 1,508 pesos per megawatt hour in January 2019, the price tag had shot
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) just dealt what might be the final blow to the nation’s energy reform bill, implemented in 2013 by former President Enrique Peña Nieto. On Friday, Oct. 1, he sent this latest electricity reform initiative to Congress, a law which would restrict control of the sector to the
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By THE PULSE NEWS MEXICO STAFF Despite the creation of a government-run natural gas company last month to curb the surging price of LP gas, nationwide the price of this crucial fuel continues to rise. Nationally, the average cost of LP gas as of Friday, Oct. 1, was 25.65 pesos per kilogram, the highest level since federal price controls were
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By KELIN DILLON As the Mexican government continues its quest to give state-owned oil company Petróleos Mexicanos (Pemex) majority control over the nation’s energy market, it has now closed a number of privately owned terminals used to import fuel across the country. In the past month and a half alone, three terminals in Tuxpan, Puebla and Hermosillo were closed by
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