Tag Archives: Solar power

Retrograde electricity reform upsetting the neighbors

We have commented before in this space about President López Obrador’s relentless campaign to dismantle the previous administration’s energy sector reform that cleared the way for participation by private companies.  For us, the historic reform was akin to throwing open the door to an attic that had been locked for years with a dead body inside (Pemex, in this case) to finally let in fresh air.  Most of the ham-fisted maneuvers by the president and his enablers in the Mexican Congress have been at least temporarily blocked by legal challenges, including at the Supreme Court level.  Undeterred, Mr. López Obrador (AMLO) launched his latest and most ambitious salvo this past week, ramming through the Chamber of Deputies via fast-track a reform of the current electricity law granting advantages to the state-owned former monopoly Federal Electricity Commission (CFE) at the expense of privately financed electricity generation plants. Continue reading Retrograde electricity reform upsetting the neighbors

Mexican economy showing flickers of life

Mexico has surpassed 104,000 deaths due to COVID-19, the fourth highest total among world nations, and total accumulated cases exceed one million.  The rate of infection remains uneven throughout the country, however five major states including Mexico City are registering an upward trend in the number of cases and are perilously close to returning to the red or highest level on the national epidemiological traffic light system.  A return to red would signify closure of all but essential businesses and other strict restrictions on movement and economic activity.  At the same time, 16 of Mexico’s 32 states are currently at the yellow level, implying relatively minor restrictions, and one state, Campeche, has returned to green or restriction-free status. Continue reading Mexican economy showing flickers of life

August brings scandal to distract from COVID woes

After five months of restrictions on mobility and economic activity, in addition to measures to inhibit contagion, Mexico remains in the grip of the COVID-19 pandemic.  Some signs of optimism are emerging nonetheless.  Among Mexico’s 32 states, 10 have now been classified as yellow under the national traffic-light system governing the severity of restrictions, with yellow being the least strict before returning to green, or no restrictions.  The other 22 states, including Mexico City, remain at orange, which imposes significant barriers to full economic activity.  The national rate of new cases per day has declined slightly over the second half of August.  The impact on employment and industry, however continues to be severe with Mexico on track to register its steepest drop in GDP growth in decades. Continue reading August brings scandal to distract from COVID woes