After an unsuccessful consultation period, the US has called Mexico to a panel to settle the energy dispute, reports said. Meanwhile, an OECD report showed that Mexico has one of the lowest energy inflation rates. Moreover, John Kerry will visit Puerto Peñasco in Sonora, where President López Obrador will share his plan to replicate the project.
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According to a report released this week by the Ministry of Finance, Mexico is the third country with the lowest energy inflation (gasoline, gas and electricity) among the OECD members. The average energy inflation for OECD countries is 30.2 percent. Since the beginning of rising energy prices, Mexico has shown one of the lowest energy inflation rates among the OECD thanks to the decision from the federal government to subsidize gasoline, diesel and electricity.
The US government has called for measures that could lead it to form a dispute panel under the US-Mexico-Canada Agreement (USMCA) due to Mexico’s alleged violations of the trade deal if a consultation period proves to be unfruitful.
In the state of Mexico, 58 percent of the industrial sector is interested in implementing operational measures to gain greater energy efficiency and obtain cost savings. Therefore, the Council of Chambers and Business Associations of the State of Mexico (CONCAEM) partnered up with the State Energy Commission to implement a plan that will address the state's energy supply and spur the decarbonization process.
President López Obrador said that he will hold a meeting with John Kerry, the US Special Presidential Envoy for Climate later this month during Kerry’s tour through Baja California Sur, Sonora and Sinaloa. The president plans to take Kerry to visit Puerto Peñasco’s solar farm, a landmark public solar energy project still under construction, to discuss the Sonora Plan. With this plan, the government aims to replicate the Puerto Peñasco model elsewhere in Sonora, in areas with similarly strong solar radiation.
As electrification and the energy transition move forward at an accelerating pace, national grids face multiple challenges to evolve and adapt to the new needs of power production and consumption. Therefore, countries like Mexico should prioritize investing in the grid to allow renewable generation and electrification to flourish within their economies.
Without stating a reason, Iberdrola desisted from filing an injunction to suspend the Energy Regulatory Commission (CRE) resolution RES/545/2022 which denied Iberdrola Renovables del Bajío the modification of operation permit, after the firm intended to add more partners to the wind power generating plant.