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    Coparmex calls for reversal of the Electricity Industry Law in view of US and Canada consultations


    August 3, 2022 - CE Noticias Financieras

     

      The Employers' Confederation of the Mexican Republic(Coparmex) called for a reversal of the Electricity Industry Law (LIE) promoted by the President of Mexico, Andrés Manuel López Obrador, in view of the consultations requested by the United States and Canada.

      "(The law) rewards the inefficiency of the CFE instead of making it competitive, and condemns Mexicans to having to pay for increasingly expensive electricity generated in a polluting way, burning coal and fuel oil, instead of betting on energies such as solar or wind power," said the Coparmex in a statement.

      In April, the Supreme Court of Justice of the Nation (SCJN) upheld the federal president's electricity law when the required votes were not reached among the ministers to declare it invalid.

      After the ruling of the Court's ministers, the employers' union said that the electricity law remains suspended by federal judges, and will continue to be so until the different instances of the Judicial Power are resolved.

      "The result of the SCJN 's deliberation allows the appeals against the LIE to continue their course and that the arguments of the majority of the ministers who considered that the main issues of the reform are unconstitutional can be used," it said in a statement.

      In view of the consultations requested by the US and Canada, the Coparmex reiterated its request to change the country's energy policy, not only in the case of the LIE but also in allowing foreign investment in Pemex, as well as in the revocation of the agreement for the purchase of gas to be made from the parastatals and not from private companies.

      Regarding the consultations, the business organization warned that, if they are not resolved during the dialogue stage, Mexico could be sanctioned with tariffs on exports such as automobiles, avocados or tequila.

      "Our call is for the Mexican government's actions in the framework of the consultations and for the announcement to be made next September 16 to leave aside any unnecessary bias of patriotism or that disregards the seriousness of the process," the Coparmex said.

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