Mexico's Energy Regulatory Commission detects irregularities

The CRE presented a balance that questions the reliability of the new players in the country's energy sector, yet it does not disclose brands
A British Petroleum petrol station in Ciudad Satélite, Naucalpan de Juárez municipality, Mexico State, near Mexico city – Photo: Ronaldo Schemidt/AFP
17/01/2018
15:13
Noé Cruz Serrano
Mexico City
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Mexico's Energy Regulatory Commission (CRE) detected breaches and irregularities of the new players in the country's energy sector.

In inspection and verification visits made by CRE to the businesses of new investors a number of observations for "probable breaches or irregularities" were detected.

In its 2016-2017 Work Report, CRE details that between January 2016 and June 2018, no company managed to comply with the conditions established in the titles of the permits that they were granted in the Official Mexican Standards (NOM).

The CRE presented a balance that questions the reliability of the new players in the country's energy sector, yet the balance does not disclose brands.

Thus, by 2019 CRE will have the power to regulate prices to the public if Mexico's Federal Economic Competition Commission (Cofece) determines that there are no conditions of effective competition in areas or regions that continue to present irregularities.

The irregularities detected by CRE involved transportation, distribution, and commercialization of fuel, LP domestic gas, and electricity.

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