Fourth Wholesale Electric Market Auction

Fourth Wholesale Electric Market Auction

 

 

The National Center of Energy Control (“CENACE” for its acronym in Spanish) has recently announced its intention to release the bidding guidelines for the fourth wholesale electric market auction by March 28, 2018.

 

Pursuant to the latest information released by CENACE and the Energy Ministry (“SENER”) the fourth wholesale electric auction has as main purpose to sign long-term contracts of between 15 – 20 years to purchase energy, power and clean energy certificates.

 

The estimated calendar for the development of the auction is:

 

Activity Dates
Release of Bidding Guidelines March 28, 2018
Bidding Guidelines payment From March 28 to August 07, 2018
Training, registry, payments and clarification meetings From April 23 to May 11, 2018
Release of final version of Bidding Guidelines May 30, 2018
Seriousness guarantee filing September 24, 2018
Auction ruling and contracts award November 02, 2018
Signing of Contracts February 15, 2019

 

Note. Additional relevant dates are included in the official calendar, which may be consulted in the webpage: http://www.cenace.gob.mx/Paginas/Publicas/MercadoOperacion/SubastasLP.aspx

 

It is worth mentioning that, as of March 2018, three electric auctions have been carried out by CENACE with a successful result for Mexico, which represent the development of 70 power plants awarded to 42 companies with investments of approximately USD $9.0 billion.

 

Projects related to the first, second and third electric auctions will be located within 19 States of Mexico

 

The lawyers of the energy, mining and infrastructure area of our firm are available for any questions or comments on the above.

 

 

SINCERELY

 

Juan Carlos Serra serra@basham.com.mx
Jorge Eduardo Escobedo Montaño jescobedo@basham.com.mx
Jorge Cobos jcobos@basham.com.mx

 

Mexico City, March 21st, 2018