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    Lies in electricity reform


    October 13, 2021 - CE Noticias Financieras

     

      The electricity reform is yet another manipulation of the Constitution to return to the monopoly of the electricity sector, as it existed and failed in Mexico in the last century. The electricity reform has nothing new, it is not an advance, but a step backwards that endangers national sovereignty.

      This reform, promoted by the CFE, is cloaked in terms used cunningly that confuse the people. They make government ownership synonymous with national sovereignty, when state oil and electricity monopolies generate greater dependence on foreigners.

      Imports of oil derivatives and the payment of PEMEX's debt service mean an outflow of dollars greater than those received from crude exports. The oil trade balance, even without taking into account debt payments, is negative. And the amount of money that the government pays for PEMEX's losses and the pensions of its workers is greater than the resources that PEMEX contributes to the government.

      The costs of electricity production by the government are more than double that of private plants. That comparison makes clear the high production costs of CFE, due in part to the privileges granted to its union workers to secure their votes in past elections. The retrograde electricity reform displaces the private sector from electricity production. The return to a total monopoly of electricity, as in the last century, implies higher electricity costs for the companies, which means higher prices for the consumer and more subsidies, not for the consumer, but for the CFE.

      The electricity reform will generate more pollution by using more fuel oil and coal, which pollute more than gas and wind energy. Contrary to the government's claim, the electricity reform reduces national sovereignty, as Mexico's electricity supply will depend to a greater extent on imports from the United States.

      The energy sector in the hands of the State, besides being more polluting, makes it necessary to import more oil, diesel, gasoline, gas and electricity from the United States. With 15 days for the U.S. government to prohibit the export to Mexico of petroleum derivatives and electricity, it would provoke a shortage that would generate chaos in the Mexican economy. Social stability and national sovereignty would be at risk.

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