MONTERREY, Mexico--(BUSINESS WIRE)--Mexico's recent energy reform will create a more competitive market in the electricity sector, according to a new Fitch Ratings report.
Fitch believes the allowance of large industrial users to contract their electricity requirements directly with new private investors, independent power producers or the Comision Federal de Electricidad (CFE) will create an open and competitive wholesale market.
In Fitch's opinion, CFE will remain Mexico's largest generator and will maintain its monopoly on transmission and distribution activities in the country. Also, Fitch believes preferential tariffs for agricultural and residential customers will continue, at least in the medium term, due to their social component and the political cost of eliminating them.
The full report 'Mexican Electricity Sector' is available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.