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Iberdrola recognizes openness to investment in the electric sector; highlights shift in energy policy with Sheinbaum
🇲🇽 Mexico /Economy & Trade

Iberdrola recognizes openness to investment in the electric sector; highlights shift in energy policy with Sheinbaum

From El Universal · (43m ago) Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

TLDR

  • Iberdrola Mexico acknowledges a positive shift in the current administration's energy policy, emphasizing the importance of a competitive electricity sector for national economic growth.
  • The company notes that while the government's approach now allows for investment, it maintains regulatory oversight, a change from previous administrations.
  • Despite improvements, challenges remain, particularly in transmission infrastructure, which is crucial for delivering power to consumption centers and ensuring companies remain competitive.

Iberdrola Mexico recognizes a significant and constructive shift in the current administration's energy policy, a change that underscores the vital role of a competitive electricity sector in driving the national economy. This evolving vision, particularly over the last two years, prioritizes energy as a key engine for growth, a premise that differs from the previous administration's approach.

The company acknowledges the government's opening to investment within the sector, albeit with a continued emphasis on regulation. This balanced approach is seen as a positive development, moving away from a period of heightened concern ('foco rojo') towards a more constructive transition. While acknowledging that details still need refinement, Iberdrola welcomes these advancements, viewing them as crucial for the sector's progress.

En esta administración en los últimos dos años hemos visto un giro positivo y constructivo, y me parece que parte de una premisa que fue diferente a la que había en el sexenio anterior es entender la importancia de la energía, específicamente en el campo en el que me desempeño, que es la energía eléctrica, como un motor de la economía nacional

— Katia SomoanoDirector General of Iberdrola Mexico, Katia Somoano, acknowledges the positive shift in the current administration's energy policy.

Crucially, Iberdrola highlights the indispensable link between reliable electricity supply and both attracting new investments and retaining existing businesses, especially those integrated into export chains. The disparity in electricity costs faced by companies in northern Mexico compared to their counterparts in Texas, for instance, directly impacts their growth decisions and competitiveness. This underscores the need for continued focus on ensuring affordable and stable energy, a challenge that requires ongoing collaboration between the public and private sectors.

Venimos de un foco rojo, digamos, en el pasado y hoy en día estamos, sin duda, en una transición muy positiva en el que faltan detalles, pero que sin duda yo creo que el sector energético, pues le damos la bienvenida a todos estos nuevos avances

— Katia SomoanoKatia Somoano describes the transition in the energy sector from a past 'red flag' period to a positive one.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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