Mexico Begins Reorganization of Wholesale Electricity Market

In a major step toward the implementation of a modern and competitive wholesale electricity market in Mexico (the “Wholesale Market”), on September 8, 2015, the Secretaria de Energia (SENER) published the first set of regulations establishing the Wholesale Market's design and operating principles, and governing the marketing of electricity, ancillary services, renewable energy certificates (RECs), installed capacity, and congestion revenue rights (collectively, the “Market Protocols”). SENER intends to publish practice manuals and operating guidelines by the end of 2015 to instruct market participants and further implement the Wholesale Market.1