New Regulations Published: The Week in Energy

Mexico has officially launched the National Energy Commission (CNE), replacing CRE and CNH as the country’s unified energy regulator. In other news, Fitch affirms CFE’s rating, while the company reports losses and shrinking equity.

Ready for more? Here is the weekly roundup!

New Energy Commission in Mexico

Mexico published the Internal Regulations of the National Energy Commission (CNE), detailing its structure, powers, and responsibilities. The new rules formalize its role as the key regulator replacing CRE and CNH, with broad oversight authority.

CFE to Boost Local Content by 2030

Mexico’s CFE will raise national content in energy transmission and distribution projects to 60% by 2030. The plan aims to strengthen local supply chains and create jobs without resorting to protectionism, according to Minister of Energy Luz Elena González.

Fitch Affirms CFE’s Rating at ‘AAA(mex)’ With Stable Outlook

Fitch Ratings has reaffirmed the long and short-term national ratings of CFE at ‘AAA(mex)’ and ‘F1+(mex)’ respectively, maintaining a Stable Outlook. The rating agency also upheld CFE’s international issuer default ratings (IDRs) at ‘BBB-’, consistent with Mexico’s sovereign rating.

CFE Reports Loss and Shrinking Equity

CFE posted a net loss of MX$16.1 billion in 1Q25, its first in four years, while its equity fell nearly 30% year-on-year. Rising costs, higher debt, and growing subsidies contributed to its weak financial performance, says IMCO.