(The Mexico News Daily)
Legislation favors electricity produced by CFE, could raise trade tensions with US, Canada
Mexico has proposed a sweeping overhaul of its electricity market to favour the state-owned utility in a move that would deal a blow to the use of renewable energy in the country and raise trade tensions with the U.S. and Canada.
A fast-track bill introduced in Congress would change the order in which electricity is dispatched into the national grid, sending private investors to the back of the queue behind power from the Federal Electricity Commission, or CFE, the state utility.
