Mexico

CFE published on Aug.31 new electric tariffs for September. Industrial sector tariffs will decrease by 1.7 to 1.3 percent compared with August. Commercial sector tariffs will fall by 1.3 to 0.9 percent, and DAC tariffs by 0.9 percent for the same period. Low consumption tariffs will remain the same.

 

SENER and CRE finished, on Aug. 30, the installation of the Evaluation Committee that will oversee both the National Control Energy Center (CENACE) and the Wholesale Energy Market (MEM). The Evaluation Committee will submit recommendations for the MEM participants to have a fixed and levelized participation floor, as well as for CENACE to work on improvement opportunities.

The Ministry of Finance announced that income coming from carbon production taxes totaled MX$7.8 billion from January to July, representing an increment of 113.8 percent compared to the same period in 2016.

CENAGAS celebrated its third anniversary on Aug. 28. Two days later, the same institution lifted the emergency state imposed on Aug. 24 due to Hurricane Harvey. Although the lifting of the critical state means that consumers can once again consume without restrictions, CENAGAS still recommends they maintain constant contact with North American suppliers

Mexico City’s government signed a collaboration agreement with National Polytechnic Institute (IPN) to design a strategy to further economically develop the sustainable energy sector in Mexico City. The first objective is to create a Sustainable Energy Development Committee that will facilitate communication among social, private and government stakeholders to boost the energy industry. Mexico City’s government will invest MX$6 million for the project.

SEMARNAT decided to take Generación Eléctrica San Antonio’s hydroelectric project into public consultation. With this measure it is expected that residents will be able to take part in the realization of the social and environmental impact assessment, recommending also prevention and mitigation measures.

International

Duke Energy Carolinas announced the stoppage of Lee Nuclear Project construction plans due to the bankruptcy of the main designer and constructor. The project represented a US$18 billion investment, half of which has been already spent. As the case gets settled, Duke Energy Florida filed a four-year, US$6 billion investment plan to install 700MW of solar PV, 50MW of energy storage and 500 EV chargers, together with several smart meters and grid modernization projects across the state.

Tesla filed a new patent for easier installation and interconnection of solar cells to be installed on top of or as roofs. This patent is expected to help Tesla and SolarCity, both owned by Elon Musk, to penetrate a bigger market.

Maersk sold its entire oil unit to Total for US$7.45 billion. As Total takes over the organization, portfolio, obligations and rights, including development schedules and investments in strategic and sanctioned projects, Maersk expects that the sale will allow it to focus completely on its core activities that include transport and logistics.

 

For more articles on Mexico’s energy industry, check out our blog!

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