CRE offers young professionals the possibility to leave their mark on the country and contribute to its future growth. Mexico’s reforms have laid the groundwork to increase the country’s competitiveness. It is a critical moment in our history. The Energy Reform allows new ways of developing the country’s most vulnerable regions. We can transform Mexico’s southeastern states into economic powerhouses just by supplying natural gas to them. The electricity sector’s reform has not attracted as much attention as that for hydrocarbons but it is probably the most powerful for boosting the country’s economic development. Energy has the potential to change Mexicans’ way of living for the better. It can create new jobs and give young Mexicans a wider range of options for the future. CRE is an important part of creating a strong energy industry to transform the country’s social structure.
The first power auction acted as a pilot, in a similar manner to phase one of Round One in the hydrocarbons industry. CFE was playing it safe to see how the market reacted before making any major bids. It was the first time that the Ministry of Energy, CENACE and CFE conducted such a process, so they wanted to learn. The outcome of the first power auction was qualified as a success by several international media, including The Economist, Forbes and Bloomberg, and this successful experience has given Mexican authorities the confidence to strengthen upcoming editions. Even though renewable energies are not as sensitive to resource limitations as traditional technologies, they are still based on natural resources that are a constraint to a certain extent. We want to avoid having critical situations as happened in Spain where more solar energy capacity was installed than the country could handle.