New Market Research Report: Mexico Power Report Q4 2014

The outlook for Mexico's power sector isgood. Generation will rise by around 3.8% year on year in 2014 and 4.2% in 2015, driven by strong growth in manufacturing and construction output, and in household demand for electricity. Growth in the power sector will be facilitated by an expansion of Mexico's gas-fired capacity, which will draw in imports of natural gas from theUS. Renewables and hydropower will also grow healthily as the government offers various incentives to producers of clean energy.In the longer term, theelectricity market will benefit hugely from a package of reforms which allow for the generation and transmission by private operators, after 76 years of monopolisation by the Mexican state.

Key Trends And Developments

* In July, the senate passed the secondary legislation needed to translate the proposed energy reforms into a workable framework and set of legal processes, with a few minor amendments. This allows the government to proceed with the implementation of the energy reforms.
* In expectation of parliamentary approval, the government is creating a new set of regulations and a regulatory body mandated to ensure the correct implementation of the new energy reforms. The national energy control centre (Cenace), which is currently part of CFE, is being transformed into an independent system operator with new powers to regulate the electricity market, while the Comisión Nacional de Hidrocarburos will oversee the hydrocarbons sector.
* As the lengthy political and legislative process behind the energy reforms draws to a close, various foreign investors have signalled their intention to enter the Mexican power sector. In June, for example, the Spanish power giant Iberdrola outlined announced plans to invest USD5bn in various energy sector projects between now and 2018.
* Meanwhile, the government raised its ambitions in the field of renewables. At the Fifth Clean Energy Ministerial in Seoul in May, the energy...

Full Report Details at
- http://www.fastmr.com/prod/871659_mexico_power_report_q4_2014.aspx?afid=301

The Mexico Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Mexico Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

* Use BMI's independent industry forecasts for Mexico to test other views - a key input for successful budgeting and strategic planning in the power market.

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