They say yes to private investment in electricity, but with new rules

Morena’s parliamentary leader in the Chamber of Deputies, Ignacio Mier Velazco, asserted that his party is in favor of the free market, we believe in investment and the participation of the private sector, but also that there is a level footing in the energy sector.

In defending the presidential initiative on electricity, he said that as the law currently stands, it generates a loss of more than 200 billion pesos to the CFE, the most important Mexican company, so one of the purposes of the The reform will be “to regain control of electricity, as the engine of the country’s development and as a strategic matter of national security, of sovereignty.”

He recognized that the debate that has been generated around the electricity reform initiative, private investment in the sector is important, only with a modification to the current rules, so that they compete and offer truly real prices for the benefit of the economy of Mexican families.

He said that currently Mexico has an installed capacity to generate energy, both private and the Federal Electricity Commission, of about 86 thousand mega watts, however, what Mexico requires is 56 thousand.

“That generates a loss of 211 billion pesos for Mexicans, because the CFE is a company owned by Mexicans. On the other hand, in the cost of electricity there is a significant subsidy to foreign companies. If they were Mexican it would be bad, but their being foreigners is worse and it is not their fault, it was the bad Mexicans who were officials who allowed it, ”he stated.

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Reference-www.eleconomista.com.mx

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