Energia’s Document Store

About Mexico’s Energy Sector ––– Our reports offer a unique source of historical, market and policy analysis. We look years ahead to visualize enhancements that are needed to public institutions, laws and policies to favor regulated market solutions.

MEI Market Note 142: What the PRI Must Learn About the Energy Sector
+3

MEI Market Note 142: What the PRI Must Learn About the Energy Sector

00002
$50.00
In stock
1
Product Details

In its seventy years in power, the PRI built a powerful, state‐run economy in the energy sector, based on two constitutional principles: 1) economic development would be guided by the State, and 2) the oil and power industries, as such, would remain off‐limits to the private investor who would seek a role as a producer and commercial actor in Mexico. The twelve years of rule by the PAN did nothing to change this basic framework.

In the old days of the PRI, Pemex, CFE and LFC were self‐regulated, with only a courtesy nod to the Energy Ministry (known by a sequence of acronyms: SEPAFIN, SEMIP, and, since the 1990s, SENER). Given the prohibition on independent commercial actors, all retail prices were set by the State, either directly by committee, or by algorithm (as in the case of netback pricing for natural gas based on U.S. price benchmarks).

DOWNLOAD PREVIEW

 

Save this product for later
Display prices in: USD