Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that his government would work toward a constitutional reform in the electric power sector.

AMLO

“We need a reform so that domestic users, and the poor and middle class, don’t pay more for their electricity than big corporations,” he said.

The president said his aim wasn’t that “private companies disappear; they are going to continue.” However, state utility Comisión Federal de Electricidad (CFE) should be guaranteed 54% of the power generation market.

Earlier this year the president, who often goes by the nickname AMLO, pushed a bill through Congress that amended the Electricity Law and gave CFE priority in power dispatch over private sector generators. The changes,...