The electricity system has been a big focus point in Mexico in recent years and is now attracting attention after the government’s attempt to implement changes (particularly the sought constitutional reform). This article describes the state of play, arranged in the order of events.
The highest tribunal of the country has not analyzed the merits of the cases, considering that there was a lack of legitimate interest.
The vote on the initiative, which, among other measures, intended to grant a majority and advantageous stake to state-owned companies, failed to reach the super-majority vote of two thirds established by the Federal Constitution.
The novelties translate into an increase in the regulatory burden: the requirements to accredit the legal, technical and financial capacities of the applicants and the obligations they assume when the permit is granted are increased.
On April 5 and 7, 2022, the Plenary of the National Supreme Court of Justice (SCJN) discussed the draft resolution for the unconstitutionality action 64/2021 filed by some Senators of the Congress of the Union against certain articles of the Decree of March 2021, by means of which several provisions of the Electricity Industry Law (LIE) were amended and added.
The main new steps approved by the government for the electricity industry are a revision of the remuneration parameters for 2022, and measures to speed up the application handling procedures for renewable energy projects.
The Legal 500 has published its first ever Legal 500 Global Green Guide, which showcases the firms with an outstanding contribution to the green transition. Garrigues is one of the three Spanish firms selected from 200 submissions for the list.
In the latest of the Garrigues Sustainable Dialogs webinars, the director general of the Spanish Climate Change Agency, Valvanera Ulargui, has reviewed the conclusions of the 26th UN Climate Change Conference (COP26), in which she took part, analyzing outcomes versus expectations. She draws an optimistic conclusion.
G-advisory, Garrigues’ consulting arm offering technical, economic and strategic advice on energy and ESG matters has rebranded its visual identity to align with new market demands. The new image, heavily centered around the color green, seeks to convey the values of the brand, with a clear sustainable commitment.
On September 30, 2021, the Executive Branch of the Mexican Federal Government submitted a bill to amend articles 25, 27 and 28 of the Political Constitution of the United Mexican States (the Reform Bill). If approved, this measure would, among others, repeal the constitutional reform of the electricity sector passed on December 20, 2013 (the 2013 Energy Reform), restore the state-dominant position in Mexico’s electricity industry through the Federal Electricity Commission (CFE) and limit and control private participation in power generation, removing at a stroke the regulatory agencies that currently govern the national electricity system and the wholesale energy market.