Mexico:
Mexico Issues Manual For Bilateral Power Transactions And Recording Coverage Agreements
25 April 2017
Holland & Knight
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Jose Antonio Prado and Carlos Ochoa are Partners and
Alberto Esenaro Arteaga ia an Associate in the
Mexico City office.
Mexico's Energy Reform of 2013 opened activities of the
country's Power Market to private investors. Mexico is passing
from a state-run power company, the Comisión Federal de
Electricidad (CFE), to private investors and contractors.
Under the Power Industry Law, participants in the Wholesale
Power Market (MEM) may perform bilateral financial transactions
(FBT) to transfer financial obligations of power or ancillary
services, or may perform bilateral power transactions (PBT) to
transfer the legal obligation to deliver power.
In January 2017, Mexico's Ministry of Energy issued a manual
with proceedings, rules, instructions and examples of those
transactions, including proceedings for recording power coverage
agreements.
This manual is part of the set of laws and regulations to make
the MEM functional, and it is expected to create opportunities for
investors sector-wide.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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