Mexican Wholesale Electricity Market Report 2019

01 February 2020
By Veronica Irastorza and José Antonio Peñuelas

NERA Associate Director Veronica Irastorza and Analyst José Antonio Peñuelas recently published the "Mexican Wholesale Electricity Market Report 2019," which provides an outlook on conditions in the Mexican Wholesale Electricity Market. The Mexican Wholesale Electricity Market (Mercado Eléctrico Mayorista, or MEM) started operations in 2016.

Since operations commenced, the National Center for Energy Control (Centro Nacional de Control de Energía, or CENACE), the electric system and electricity market independent operator, has been reporting hourly locational marginal prices (LMPs) and annual capacity prices. The average price for the National Interconnected System (SIN) was US$73 in 2019, USD$10 lower than in 2018. Mexico’s peninsular region has had the highest SIN average prices since the market started, mainly reflecting the lack of gas in the region.