Mexico City, September 28, 2024 - Mexico's Lower House is set to discuss a controversial energy reform proposed by President Andres Manuel Lopez Obrador during the initial days of Claudia Sheinbaum's administration. The reform aims to prioritize the state-owned utility, Comision Federal de Electricidad (CFE), over private companies in the distribution of electricity.
Opposition lawmakers have expressed concerns that the proposed legislation could lead to a state monopoly in the energy sector, raising alarms about potential impacts on competition and investment in the industry.
This development is significant not only for Mexico but also for international investors and energy markets, as it may reshape the landscape of energy distribution in one of the largest economies in Latin America.
Source: bloomberg.com