Mexican Wholesale Electricity Market Report

Fri Sep 01 14:19:48 EDT 2017
By Veronica Irastorza

NERA Associate Director Veronica Irastorza recently published the Mexican Wholesale Electricity Market Report 2017, which provides an outlook on conditions in the Mexican wholesale energy market. The Mexican Wholesale Electricity Market (Mercado Eléctrico Mayorista, or MEM) began operations in 2016. Since operations commenced, the National Center for Energy Control (CENACE), the electric system and electricity market independent operator, has been reporting the hourly locational marginal price (LMP) for approximately 2,360 nodes.

The wholesale electricity market is currently a cost-based, short-term energy market with a day-ahead market and a real-time market. Locational marginal prices for the National Interconnected System have seen an increase in 2017. While the average price for the SIN was US$47/MWh from February through July 2016, it was US$66/MWh during the same period in 2017.