Mexico publishes details of second power auction

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Mexico publishes details of second power auction

The National Center for Energy Control (CENACE) of Mexico has recently announced a new power auction. The auction bidding rules will be published on May 13, 2016 and the contracts will be awarded by September 2016.

The auction involves long-term contracts covering the purchase of electricity power, accumulative energy power and energy certificates. 

According to the Secretariat of Energy (SENER), the auction will use the same mechanisms as the previous one, which was held in late March. At that time several companies were awarded power purchase agreements with National Federal Commission (CFE), Mexico's state-owned electric utility.

The Mexico's first electricity power auction was very successful for the government, allowing CFE to obtain clean energy at an average price of US$47.78/MWh. 

As we reported in April, Enel Green Power won nearly 1GW capacity in the Mexican renewables auction while SunPower Corp was awarded power purchase agreements to deliver one terawatt-hour of energy, equivalent to approximately 500 MW, over the term of the agreements.

See tender announcement (Spanish):

http://www.cenace.gob.mx/Paginas/Publicas/MercadoOperacion/SubastasLP.aspx

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