Mexico announces third power auction

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Mexico announces third power auction

The Secretariat of Energy (SENER) together with Mexico’s National Center for Energy Control (CENACE) have published, and expects to be concluded in November, a call for a new power auction in the country.

The eligible bidders' list will be released on July 31 following the publication of the initial version of the rules on May 8. Winners will sign long-term power purchase agreements (PPAs).

Th auction will use similar mechanism as the previous ones in 2016 except that power can be sold to other participants aside from state-owned Comision Federal de Electricidad (CFE) for the first time. An established Compensation Chamber will act as the counterpart in the contracts signed between the buyers and sellers

A total of 8.9 TWh of renewable supply contracts, of which 3.9 TWh for wind and 4.8 TWh for solar power, was the result of Mexico’s second power auction.

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