MEXICO CITY (EFE).— The sudden will increase of virtually 4% yearly in electrical energy consumption in Mexico elevate the necessity for higher and pressing funding within the power sector, in accordance with an evaluation by Moody’s Rankings printed yesterday.
“Electrical energy consumption in Mexico is increasing quicker than the Authorities anticipated, which raises the necessity for higher funding within the sector,” the score company highlighted in its doc.
The company cited that the annual demand for electrical energy within the nation rose 3.9% in 2022, and three.8% in 2023, figures that exceeded the projections of the Ministry of Power (Sener) of two.5% yearly.
The doc mentions that prime demand for electrical energy boosted CFE gross sales to 4% in 2023.
On this sense, he additionally identified that the present power initiatives within the nation “are nicely positioned to be extra strategic of their respective factors of operation, particularly people who provide industrial facilities with excessive demand for electrical energy.”
“That is credit score optimistic for working energy initiatives, because the imbalance between provide and demand will improve the worth of energy era capability, indicating the necessity to improve put in capability.” , the report added.
The evaluation anticipated higher advantages for firms that should renew their power buy and sale contracts with the state-owned CFE, “which will increase their margin for recontracting underneath favorable circumstances.”
The score company noticed that it was essential to develop investments in capability and transmission, because it thought of that “it will likely be essential” to take care of stability within the electrical system and assure availability for residential and industrial purchasers.
Moody’s Rankings recalled {that a} sequence of latest blackouts confirmed the few power reserves in Mexico, in addition to the problem that the relocation of firms to the nation might pose, which might increase industrial electrical energy consumption.
“A rise in ‘nearshoring’ operations might additionally trigger consumption to exceed base projections within the coming years, so power era and transmission capability are elements that firms which might be contemplating the chance should have in mind. to maneuver its operations to Mexico,” the company indicated.
He added that the dependence on pure fuel imported from the USA and the low penetration of renewable power within the nation poses dangers for extra firms to determine to relocate their manufacturing to Mexico on account of “nearshoring.”
Moody’s additionally refers in its report back to the shortage of readability within the power transition and assumes that the following Authorities of Mexico “can have the chance to determine a transparent power transition plan with clear insurance policies and enough era and transmission capability.”
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2024-06-22 06:28:47
