How do government incentives and subsidies affect Mexico's energy industry?

Exploring the impact of government incentives and subsidies on Mexico's energy industry and environmental goals reveals a complex interplay between economic growth and sustainable development.

How does Mexico regulate energy storage systems?

The Mexican government recently issued general guidance to regulate energy storage systems. These rules outline the process and rules for integrating storage systems with different types of facilities, including power plants, behind-the-meter installations, load centers and distributed generation projects.

What is Mexico energy storage?

Mexico Energy storage was first included as part of Mexico's long-term policies in the Transition Strategy to Promote the Use of Cleaner Technologies and Fuels published by SENER in 2016.

Should energy storage be a priority in Mexico?

If energy storage deployment is considered a priority in the following years, Mexico could accelerate investments through a mix of storage procurement targets and financial incentives. A strong storage market can also be built over time by offering rebates, loans, investment grants, tax credits or other financial incentives.

What are Mexico's energy transition goals?

1. Introduction Following the Energy Reform of 2013 and the Energy Transition Law of 2015, Mexico set a national strategy for the decarbonisation of the electricity sector and established three clean energy transition goals: 35% of the total electricity production must come from clean energy by 2024; 37.7% by 2030; and 50% by 2050 . 1

How can Mexico promote energy storage?

To accelerate investments and promote the formation of a storage market, Mexico should introduce technology-push and market-pull policies simultaneously. Procurement targets could be used if policymakers decided that energy storage is a short-term priority, as in the case of the US.