Mexico electricity market reforms attempt to reduce costs and develop new capacity

Mexico is in the process of reforming much of its electricity industry. Earlier in 2016, Mexico opened up day-ahead and real-time trading in a new wholesale power market. Although wholesale prices briefly spiked for a handful of hours, average prices in most locations during the market's first six months of operation have ranged from 880 to 1,100 pesos per megawatthour (MWh), or about $48/MWh to $60/MWh. More »