Mexico gas and power markets: 2021 year-in-review

In 2021, gas and power markets began to resemble business-as-usual compared to the bleakness of mid-2020, as lockdown measures were lifted and economic activity resumed. However, in February an extreme weather event highlighted significant infrastructure deficiencies that compromised energy supply for several days with considerable repercussions in the gas and power markets. Moreover, frequent attempts to overhaul major regulations further increased the already growing uncertainty for private participants in the power sector, marking a tumultuous start to 2022. This insight covers 2021’s key market events in Mexico’s gas & power sector that marked the pace for 2022.