80 firms to offer electricity in Mexico's 3rd power auction

Wednesday, September 6, 2017

A total of 80 companies have signed up to offer to sell electricity in Mexico's third long-term power auction, which is scheduled for November 22, according to national energy control center Cenace.

The number of companies participating is 14% higher than in the second auction, held last September, Cenace said. The bidding rules for the auction were published in June.

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The auction will allow electricity generators to sign long-term supply agreements with state utility CFE, while private firms will also be able to bid for energy contracts for the first time.

The electricity purchase offers received by Cenace represent a total of 892MW of power for the national grid and 6.08mn clean energy certificates. In addition, the offers represent 411MW of power for the state of Baja California, and 109MW for Baja California Sur, the two peninsular states that are separate from the national grid.

More information on the auction can be found here, in Spanish.

Mexico will hold its first medium-term auction in February.