Mexican Government Moves to Tighten Grip on Electricity Market

MEXICO CITY—The Mexican governing administration moved to seize extra manage of the country’s electrical power sector, influencing dozens of renewable-electricity jobs really worth extra than $six billion at the similar time the place faces a sharp economic downturn due to the fact of the coronavirus pandemic.

Vitality businesses and nearby field groups said new rules for procedure of the electricity grid, posted late Friday, favor Mexico’s point out-owned electrical power utility about personal builders and dial back again the opening of the electricity sector to foreign traders.