Insight
Mexico’s Capacity Market settlement 2024: The aftermath of stagnation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The 2024 Mexico's capacity market annual settlement closed at 2.0x, hitting the market cap and continuing a three-year trend of sharp increases. This rise was driven by extreme weather conditions that struck the demand and stagnation in the electrical sector to bring new firm capacity to the system. The year was marked as the hottest and driest on record, From April to June, the 100 critical hours occurred, and the monthly peak demand surged by an average of 12.6%. Furthermore, 2024 saw no significant new capacity additions to the system, while hydroelectric generation slightly rose from 5.9% to 6.8% in 2024. This insight delves into the factors influencing Mexico's Capacity Market and its results.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
How China is reshaping Mexico’s automobile industry
Mexico likely to become the 5th largest vehicle producer
$1,250
Insight
Mexico’s capacity market settlement 2023: The age of uncertainty
This insight delves into the factors influencing Mexico's Capacity Market and its results.
$3,000
Commodity Market Report
Mexico power markets long-term outlook 2024 - clean energy headwinds
The Mexico headwinds outlook provides monthly historical/actual data of our analysis of the power value chain in Mexico until 2050.
$8,000
