Power Auction

LONG-TERM ELECTRICITY CONTRACTS FOR THE PURCHASE OF ELECTRICAL ENERGY AND CLEAN ENERGY CERTIFICATES CORRESPONDING TO THE FIRST LONG-TERM AUCTION OF 2015.

Sector: Electricity

Last Revision
March 04, 2024
Subsector:
Generation
Power Auction:
SLP-1/2015: First Long Term Power Auction
Contract Currency:
US Dollars
Estimated Investment MXN:

44,460,000,000

Estimated Investment USD:

2,600,000,000

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $17.1

DESCRIPTION

The National Energy Control Center (CENACE for its Spanish acronym), is responsible for carrying out the Long Term Electric Auctions, in order to assign electric coverage contracts for the sale of power, electricity and Renewable Energy Certificates.

The main objectives of the First Long Term Power Auction are:

- To allow Basic Services Supplier the execution of electric coverage contracts in competitive and reasonable conditions to satisfy in the long term the needs for power, electricity and Renewable Energy Certificates (CEL).
- To allow any party interested in generating and selling these products, to compete in transparent conditions that may result in the assignment of electric coverage contracts and in a stable source of payment that contributes to the financing of efficient investments, required to develop or improve power plants through which these products might be generated.

According to the results of the First Long Term Auction (SLP-1/2015), 11 companies from 7 countries, among them Mexico, will invest USD 2.6 billion, to obtain an installed capacity of clean energy of 2,085 MW.

Megawatt/CEL average price: USD$47.7

GEOLOCATION

State(s)
The whole country   

SPONSOR

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Entity
Secretaría de Energía
Department
Centro Nacional de Control de Energía (CENACE)
Contact
Jesús Ávila Camarena
E-mail
jesus.avila02@cenace.gob.mx

ADDITIONAL INFORMATION

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Source
Centro Nacional de Control de Energía
Description
Public entity whose objective is to exercise operational control over the national electric system and the operations of the wholesale electricity market, and to guarantee impartial access to the national transmission network and to the general distribution network
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Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.

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