Given the high price environment for natural gas and the insistence of President Andrés Manuel López Obrador not to raise electricity prices, Mexico is likely to pay more than 73 billion pesos ($3.6 billion) in electricity subsidies this year, Oscar Ocampo, Coordinator for Energy at the Instituto Mexicano para la Competitividad (IMCO) told NGI’s Mexico GPI. 

“If the fundamental source that is used to generate 60% of the country’s electricity generation becomes more expensive, obviously electricity generation is going to become more expensive as well,” Ocampo said. 

Ocampo has been with IMCO since 2020, where he works on energy and foreign trade issues, especially those related to the implementation of the Mexico-United States-Canada Treaty.

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