Friday, November 13, 2015

Mexico: SENER Announces 20-year Clean Energy Certificates and 15-year Contracts for Generation Projects

Mexico presents guidelines for first-ever power auction

Mexico's Energy Secretariat (SENER) has presented the guidelines for the country's first electricity market auction, the latest step in a process that will include a call for bids next week and the awarding of contracts in March 2016.

On this occasion, 20-year Clean Energy Certificates, or CELs, and 15-year contracts for generation projects of any kind will be awarded to private bidders, Energy Secretary Pedro Joaquin Coldwell said Wednesday.

Mexico is creating a market for tradable CELs as part of the historic 2013 electricity sector restructuring, which ended state-owned power company CFE's monopoly on electricity generation, transmission and distribution activities.

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