Iberdrola Charges Ahead in the Mexican Energy Market

The Energy Regulatory Commission (CRE) of Mexico has granted Iberdrola, one of Spain's leading energy companies, the authorization to migrate five of its generation plants to operate under the rules of the wholesale electricity market. This pivotal decision comes after a tumultuous period for Iberdrola, with several of its plants left without operation and unable to deliver energy to their customers after their permits expired under the self-supply and cogeneration regime. This regime was a part of the Electric Energy Public Service Law (LSPEE) and became ineffective after the implementation of the Electric Industry Law (LIE).

Iberdrola, a global leader in the renewable energy sector, has been actively seeking to migrate these five plants to the electricity market for some time. However, their requests were previously denied by the CRE. This denial left the company facing significant challenges in maintaining its commitment to provide clean, efficient energy to the Mexican market.