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    Demand for CRE efficiencies to mitigate inflation


    May 20, 2022 - CE Noticias Financieras

     

      MEXICO CITY - In order to control inflation, industries must have access to more competitive energy, but for this it is essential to have efficient regulatory bodies that allow the development of the sector, analysts said.

      Carlos Aurelio Hernández, vice-president of Coparmex Metropolitano, explained that a dynamic electricity sector helps to have better prices in energy, products and services.

      "The dynamism that the CRE has is the antidote against inflation... to the extent that we continue to have a Regulatory Commission that does not keep pace with the electricity market, we will continue to have companies that are going to increase their costs for a year, in the middle of a world inflationary crisis," he said.

      "How do they want companies to have incentives to mitigate inflation and not raise prices if they are raising costs on me?"

      He added that the CRE and Cenace have closed everything related to generation permits and interconnections to the grid.

      "The Administration's greatest enemy is reality, and this will reach the electric system, which is that we will run out of light, without transformation capacity, without the entry of new energy, because inefficient plants have to enter with more risk of blackouts, more risk of failure," he said.

      "In qualified supply, contracts are being connected and it is advancing because this also helps to take burden and risk away from CFE, but there is a lack of a regulator that comes at the same pace."

      The wholesale electricity market allows qualified users (who demand more than one megawatt) to have options to cover their consumption with private parties and have savings of between 10 and 20 percent over CFE rates.

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