Mexican president Enrique Peña Nieto signed a historic energy reform bill into law on Monday in a move that is expected to drive further investment in the country’s energy sector. When the majority of the new laws take effect on the 1st January 2105 it will be the first time that foreign energy firms can compete in the country's energy sector since 1938.
India needs to expand the role of renewables and grid reliability to tackle “significant challenges” in the power sector if it aims to achieve its low-carbon growth strategy, according to a report from the International Energy Agency (IEA). To do this authorities must use “all available options” and further exploit domestic natural gas reserves.
Israel's Public Utilities Authority (PUA) has issued new guidelines for power generators of how to handle domestic gas supply shortages. In such circumstances, private power producers will take priority as state-owned utility Israel Electric Corp (IEC) can switch to alternative fuels, such as gasoil or fuel oil.
Senate committees in Mexico have backed laws that regulate the opening of state-run oil and gas industries to private investment. The latest bill includes a raft of secondary laws supporting energy reforms, including a hydrocarbons law, which sets out contracts, fines and the ownership of Mexican oil and gas resources.
Questioning the government's ability to predict the UK's future power demand and criticising its risk appetite, analysts at Cornwall Energy suggest the 53 GW of de-rated capacity up for grabs in the upcoming capacity auctions would be" larger than necessary" due to difficulties in predicting supply and demand four years out from a delivery year as well as a too low a de-rating of interconnector.
The UK’s Secretary of State for Energy and Climate Change, Ed Davey has announced that the government will procure a total of 53.3 GW of power generation capacity in upcoming capacity auctions. While the main parameters for the December auctions had already been outlined the total amount of capacity up for auction had remained uncertain.