Mexico Wants Firms to Revise Contracts So Electric Rates Don’t Rise

2/11/2019 – The New York Times

09-02-2019-FOTO-09-ENTREGA-DE-BECAS-TEJUPILCO-EDOMEX-1024x683.jpgBy Reuters

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Monday he wants to revise the contracts that private energy companies have with state-run power utility CFE so they do not hike electricity prices.

“We are urging companies that have agreements with the Federal Electricity Commission (CFE) to come together to review contracts and above all to reach an agreement that electricity prices will not increase,” Lopez Obrador said during his morning press conference.

“We are looking to achieve a voluntary restructuring of agreements and commitments within the framework of the law … The Mexican government is committed to not increasing electricity prices for consumers, but we want private companies to help in this initiative,” said Lopez Obrador.

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