Insight
Ice, Ice… Blackouts: The polar vortex impacts on Mexico's energy markets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The polar vortex is causing deep struggles, freezing off production and pushing a critical demand uptick to keep the affected population warm. Gas prices quickly surged to new highs, while also generating an undersupply situation. Mexico’s largest gas supply comes from US piped exports. Without the needed storage infrastructure, gas scarcity has quickly escalated – since 12 February, Genscape tracks US-to-Mexico pipeline exports to average 4.7 bcfd, representing a drop of 1.1 bcfd from the prior-30-day average. The consequences of gas shortages were immediately felt in the power sector, resulting in electricity outages affecting more than 4.7 CFE’s final users and rolling blackouts since 15 February. This insight analyses what is currently happening and what to expect during and after the cold storm passes.
Table of contents
- Event
-
Implications
- Near-term market effects
- What to expect?
Tables and charts
This report includes the following images and tables:
-
US-to-Mexico daily gas flows per Mexican pipeline (top five)February hourly and average daily Local Marginal Prices in the northern regions
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Mexico gas, power and renewables strategic planning outlook 2025
Our flagship market fundamentals outlook to 2050.
$8,000
Insight
Mexican gas and power market loses steam: Is a rebound in sight?
A data-driven view of Mexico’s midyear slowdown and what is coming next
$950
Commodity Market Report
Little uplift from recent weather: Southeast power and renewables short term outlook February 2019
Despite the polar vortex at the end of January, Eastern power markets did not show much lift in February.
$2,000
