Mexico publishes schedule for 3rd power auction call

Mexico's energy control center and energy ministry released Friday details of the country's third electric power auction, with the definitive rules to be published by June 27 and winners to be announced by November 22.

The purchase offers accepted by basic suppliers will be published on July 31, according to a joint press release from both government bodies.

Technical proposals for electricity sales offers will be accepted September 21-20, and economic proposals by November 13, with the analysis of offers taking place from November 15.

As with the two previous auctions, held in March and September last year, private firms and state utility CFE will compete to sell electricity under the best conditions to suppliers, and to sell electric power to other buyers for the first time.

The auction is aimed at increasing renewables' share in the country's energy matrix, in line with the energy transition law, part of the 2014 energy reform, which stipulates that 25% of power must be generated from renewable sources by 2018, 30% by 2021, 35% by 2024, 45% by 2036 and 60% by 2050.