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CFE
The 2019 Pacific hurricane season is an annual cycle of tropical cyclone formation, in which tropical cyclones form in the eastern Pacific Ocean. The season officially begins today, May 15, in the East Pacific Ocean and will end on November 30. These dates conventionally delimit the period of each year when most tropical cyclones form...
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Investor confidence in Mexico was rattled last week after the president-elect abandoned a US$13bn airport project, raising fears that policy direction may soon take a more populist bent. The US$6bn bonds that helped fund the project slipped multiple points after a four-day consultation that resulted in Mexicans voting in favour of refurbishing existing airports instead....
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A day after the passage of Hurricane Willa, which caused a night of panic and terror, the residents of the Escuinapa, Sinaloa awake to a harsh reality, with damages, but thankful that so far there were not any confirmed deaths. The sky looks clean, without the presence of rain, the flooded streets show the ravages...
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The blackouts at Puerto Vallarta restaurants will continue out of protest to the increase in electricity rates, warned the president of the Chamber of the Restaurant Industry and Seasoned Food (Canirac) of Jalisco, Sergio Jaime Santos. He reported that they held the first meeting with the regional manager of the Federal Electricity Commission (CFE), but...
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In Jalisco, 40,000 restaurants are switching off the lights and using candles in a protest of an increase of more than 60% in electricity rates. The establishments will not stop providing services and will be “romantic” to make evident the dissatisfaction of the industry by the increases reflected in their bills since January, informed the...
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Electricity prices in Mexico could drop by 40% by 2024 because of growing renewable capacity, according to a study released Wednesday by the Mexican Business Coordination Council (CEE), the country’s largest business group. Greater renewable generation capacity could lead to average locational marginal prices in Mexico of $38/MWh in 2024 from $64/MWh in 2017, according...
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