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Mexico strengthens the Electricity Commission, says Lopez Obrador


Mexico strengthens the Electricity Commission, says Lopez Obrador

Mexico City, Apr 20 (Prensa Latina) Far from being a defeat when congressmen rejected the electricity reform, the Supreme Court's decision to declare it constitutional is a success, said Mexican President Andres Manuel Lopez Obrador today.

In his morning press conference at the National Palace, the president affirmed that the reform’s objective of consolidating the Federal Electricity Commission (CFE) in the face of the voracity of foreign companies has been achieved.

The Court’s approval of the constitutionality of the law, subsequently ratified by the 11 magistrates, confirms that the CFE now has 54 percent of the electricity generation and can upload this total to the distribution networks.

As he explained, the approval is irreversible, and the law indicates that the CFE controls the distribution and commercialization of electricity generated by the country, and the private companies control 46 percent.

This means that it will no longer be 30 percent or less what will be uploaded to the network, but the totality of what the law allows, and for this it counts on the rehabilitation of the 80 hydroelectric plants the country has, the cleanest energy of all.

The other objective achieved is that the law eliminates the benefits of the supposed “self-consumption” and with it the subsidies to the large companies that theoretically generated electricity for its use.

The law indicates that this condition must be demonstrated, and for this they would have to be power plants that have their own electricity production systems, which is not the case of Iberdrola and other foreign companies.


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