Mexico gas, power and renewable markets: 2019 year in review

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17 January 2020

Mexico gas, power and renewable markets: 2019 year in review

Report summary

2019 was marked by political and regulatory uncertainty that generated doubts about the opening of the market. Andrés Manuel López Obrador (AMLO) expressed renewed interest in fossil fuel generation, while also questioning awarded pipeline contracts as the national power utility Comisión Federal de Electricidad (CFE) initiated international arbitration proceedings against seven delayed projects. Likewise, the administration raised serious questions about the future role of private and foreign investment in power generation, specifically renewables. Despite the uncertainty, the market continues to move forward as new infrastructure conceived and procured during the initial market reform are now coming to reality. Nearly 2.7 GWdc of solar and 1.5 GW of wind capacity was connected, and close to 1,200 kilometers (745 miles) of additional pipelines finished their construction, boosting US piped imports and relieving pressure from domestic supply as it continues to decline.

Table of contents

  • Executive summary
  • Pipeline arbitration controversy created uncertainty, raising questions on the future of the energy market
  • Domestic gas and oil production continues to decline, despite government efforts to revert the trend
  • Pipeline imports reached a new high as new infrastructure slowly entered operation
  • Power market regulatory changes in 2019: discomfort and uncertainty to private investments in the energy sector
  • CFE’s Bartlett demonstrates hostility towards renewable buildout by private entities in 2019
  • PV developers connect a new annual record of capacity additions
  • New annual wind power capacity installation more than double in 2019
  • Renewable generation gained strength in 2019 but the lack of transmission infrastructure remains a major challenge as LMPs have plummeted in oversaturated regions

Tables and charts

This report includes 7 images and tables including:

  • 2019 LNG and piped imports
  • Location Marginal Prices
  • Mexico’s historical gas supply mix
  • Pipeline expansion
  • Mexico’s historical generation by technology (GWh)
  • Average YoY Change in LMP full YTD thru December 2019
  • Monthly average regional power prices in the SIN

What's included

This report contains:

  • Document

    Mexico gas, power and renewable markets: 2019 year in review

    PDF 1.10 MB

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