Mexico Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution and Technology, Regulations, Key Players and Forecast, 2022-2035

Pages: 78 Published: July 27, 2022 Report Code: GDPE2286ICR

Mexico Power Market Overview

The Mexico power market cumulative installed capacity was 95.4 GW in 2021. The market is expected to achieve a CAGR of more than 3% during 2021-2035. The Mexico power market research report discusses the power market structure of Mexico and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Mexico Power Market Size

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Mexico Power Market Dynamics

The present Mexican government is looking for ways to restore the dominance of the state in the country’s power sector. In this regard, the government passed a bill in March 2021. However, the amendment has led CFE to take control of the power sector. CFE generates power from nuclear, hydro, natural gas, and oil. The renewable power market in Mexico has witnessed slow growth due to administrative barriers. Energy policies in Mexico are regulated by the country’s Federal Constitution and are influenced by international treaties signed by Mexico. The key policy regulating the electricity market in the country including renewable energy is Electric Industry Law. The Ministry of Energy is responsible for developing energy-related policies in Mexico. The  Energy Regulatory Commission oversees the implementation of plans and is vested with the authority to grant power generation permits.

Key Mexico Power Market Sectors

The key sectors in the Mexico power market are the residential sector, commercial sector, industrial sector, and transport sector. In 2021, the industrial sector had the dominant share in the power consumption market of Mexico.

Mexico Power Market Analysis by Sectors

Mexico Power Market Analysis by Sectors

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Key Deal Types in Mexico Power Market

The key deal types in Mexico power market are asset transactions, partnerships, debt offerings, acquisitions, private equity, and venture financing.

Mexico Power Market, By Deal Types

Mexico Power Market, By Deal Types

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Key Market Players in Mexico Power Market

Some of the key market players in the Mexico power market are Comision Federal de Electricidad (CFE), Iberdrola SA, Enel SpA, Petroleos Mexicanos, and Naturgy Energy Group SA. However, Comision Federal de Electricidad (CFE), the state-owned utility, still dominates the generation segment in Mexico.

Mexico Power Market Analysis by Players

Mexico Power Market Analysis by Players

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Market Report Overview

Cumulative Installed Capacity (2021)  95.4 GW
CAGR (2021-2035)  >3%
Forecast Period 2022-2035
Key Sectors  Residential Sector, Commercial Sector, Industrial Sector, and Transport Sector
Deal Types Asset Transactions, Partnerships, Debt Offerings, Acquisitions, Private Equity, and Venture Financing
Key Market Players  Comision Federal de Electricidad (CFE), Iberdrola SA, Enel SpA, Petroleos Mexicanos, and Naturgy Energy Group SA

Scope

This report provides: 

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035.
  • Capacity, generation, and major power plants by technology.
  • Data on leading active and upcoming power plants.
  • Information on transmission and distribution infrastructure, and electricity imports and exports.
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data.
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Key Players

Comision Federal de Electricidad (CFE)
Iberdrola SA
Enel SpA
Petroleos Mexicanos
Naturgy Energy Group SA

Table of Contents

Table of Contents

1. Executive Summary

1.1 Lack of governmental support has stunted the growth of renewables in Mexico

1.2 Solar PV and onshore wind to lead renewable power market in Mexico

2. Introduction

2.1 Mexico Power Market

2.2 GlobalData Report Guidance

3. Mexico Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Mexico Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Mexico Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Mexico Power Market, Regulatory Scenario

5.1 Thermal and Hydropower Policy

5.2 Nuclear Power Policy

5.3 Renewable Energy Market, Overview

5.4 Renewable Energy Targets

5.5 Electricity Industry Law

5.6 Clean Energy Certificates

5.7 Nationally Determined Contributions (NDC)

5.8 Development Program of the National Electrical System 2020–2034

5.9 Energy Transition Law (Ley de Transición Energética, LTE)

5.10 General Law of Climate Change (Ley General de Cambio Climático)

5.11 Auction Mechanism

Auction 1

Auction 2

Auction 3

Auction 4 (Cancelled)

5.12 Net-Metering/Net Billing

5.13 Removal of custom duty on Imported Solar Modules

5.14 21st Century Power Partnership (21CPP)

5.15 Accelerated Depreciation

5.16 Wheeling Service Agreement for Electricity from Renewable Energy Sources

5.17 Income Tax Exemption

5.18 Resolution on Interconnection of large hydro plants

5.19 Geothermal Energy Act

5.20 Law for the Promotion and Development of Bioenergy

6. Mexico Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7. Mexico Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

7.5 Electricity Trading

8. Mexico Power Market, Major Generating Companies

8.1 Comision Federal de Electricidad (CFE)

Company Overview

Business Description

8.2 Iberdrola SA

Company Overview

Business Description

SWOT Overview

8.3 Naturgy Energy Group SA

Company Overview

Business Description

SWOT Overview

8.4 Petroleos Mexicanos

Company Overview

Business Description

SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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List of Tables

List of Tables

Table 1: Power Market, Mexico, Macroeconomic Factors, 2010–2030

Table 2: Mexico, Energy and Climate National Targets

Table 3: Auction 1, Winners, Mexico, March 2016

Table 4: Auction 2, Winners, Mexico, September 2016

Table 5: Auction 3, Winners, Mexico, November 2017

Table 6: Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Table 7: Power Market, Mexico, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 8: Thermal Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Thermal Power Market, Mexico, Major Plants, 2021

Table 10: Hydropower Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Hydropower Market, Mexico, Major Plants, 2021

Table 12: Nuclear Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Table 13: Nuclear Power Market, Mexico, Major Plants, 2021

Table 14: Renewable Power Market, Mexico, Cumulative Capacity (GW), 2010–2035

Table 15: Renewable Power Market, Mexico, Annual Generation (TWh), 2010–2035

Table 16: Renewable Power Market, Mexico, Major Plants, 2021

Table 17: Power Market, Mexico, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 18: Power Market, Mexico, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 19: Power Market, Mexico, Annual Electricity Import and Export (TWh), 2000–2021

Table 20: Abbreviations

List of Figures

List of Figures

Figure 1: Annual Power Generation and Share of Clean Energy, Mexico, Current Forecast Vs. Target, 2021-2035

Figure 2: Renewable Power Market, Mexico, Cumulative Capacity, 2010–2035

Figure 3: Power Market, Mexico, Country Summary

Figure 4: Power Market, Mexico, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Mexico, Market Structure

Figure 6: Power Market, Mexico, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Mexico, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, Mexico, Deals by Type (%), 2021

Figure 9: Power Market, Mexico, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Mexico, Power Consumption by Sector (%), 2021

Figure 11: Power Market, Mexico, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Mexico, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Mexico, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Nuclear Power Market, Mexico, Cumulative Capacity and Annual Generation, 2010–2035

Figure 18: Renewable Power Market, Mexico, Cumulative Capacity, 2010–2035

Figure 19: Renewable Power Market, Mexico, Annual Generation, 2010–2035

Figure 20: Power Market, Mexico, Annual Electricity Import and Export, 2000–2021

Frequently Asked Questions

The cumulative installed capacity in the Mexico power market was 95.4 GW in 2021.

The power market in Mexico is expected to achieve a CAGR of more than 3% during 2021-2035.

The key sectors in the Mexico power market are the residential sector, commercial sector, industrial sector, and transport sector.

The key deal types in Mexico power market are asset transactions, partnerships, debt offerings, acquisitions, private equity, and venture financing.

Some of the key market players in the Mexico power market are Comision Federal de Electricidad (CFE), Iberdrola SA, Enel SpA, Petroleos Mexicanos, and Naturgy Energy Group SA.

In 2020, the industrial sector had the dominant share in power consumption accounting for more than 60%.

The CFE retains exclusive ownership rights over the transmission network in Mexico. However, the National Transmission Grid (Sistema Eléctrico Nacional, SEN) is operated by CENACE. Interconnectivity is achieved through the national electric system, which consists of large interconnected systems.

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