CFE’s net utilities during 2017 first quarter dropped 91 percent compared to the same period in 2016, going from MX$106.9 to MX$9.2 billion. Although total sales increased by 38 percent, the drop obeys to the increase in generation costs of 56 percent, which is mainly driven by the higher cost of fuels. CFE also published the electric tariffs for the month of August. The low consumption tariff showed no increase, while the high consumption one reported a decrease of 1.7 percent compared to last month. Meanwhile, industrial and commercial tariffs reported a decrease between 3.3 and 2.6 percent, and 2.4 and 1.7 percent, respectively.
The Trust for Electric Energy Savings, FIDE, and the National Housing Commission, CONAVI, launched in Monterrey and other cities a pilot program to provide people with an income lower than five minimum salaries with the opportunity to acquire high efficiency equipment. NAFIN is providing with a credit line of MX$400 million to support the program.
On August 1 regulatory commissions CRE and CNH lost their legal protection against “acts suspension” by their regulated. This means that the regulated can now suspend the acts of the regulators without the need of legal protection to do that.
With an investment of approximately MX$758 Coahuila’s Solar Park (PSC) located in Matamoros started commercial operation on August 2, becoming the first solar generation plant in the state. The plant has a total installed capacity of 22.5 MW and will provide energy for Matamoros and Torreon.
The earth overshoot day fell on August 2, meaning that humans have consumed all of the resources that can be naturally replenished and as of August 3 we are consuming more than the Earth can naturally provide for this year.
Alphabet launched its latest project, code named Malta, looking at molted salts to solve the energy storage problem caused by the integration of renewables to the electric grids. Meanwhile, Deepwater Wind is asking Tesla to supply a 40MWh battery system to be used in its 90MW offshore wind farm located in Massachusetts.
IKEA is also entering the battery game with a new product line for U.K. homeowners: batteries for their rooftop systems by combining batteries from LG Chem and solar panels from Solarcentury, coming in 3.3kWh and 6.5kWh combinations.
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