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Bloomberg
Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share.
The Comision Federal de Electricidad, which says it produces 54% of the nation’s power, wants regulators to raise transmission costs for private companies immediately, company head Manuel Bartlett said in an interview.
A raft of new measures intended to boost the market power of the state utility have come under harsh rebuke by the European Union and Canada, as well as business groups from the US and Mexico. They say the policies of President Andres Manuel Lopez Obrador will drive off international investment and directly imperil electricity projects worth $30 billion across 18 states. Raising transmission costs risks grinding renewable energy projects to a halt.