The committee has three types of membership: public entities, private companies, and other academic and professional organizations. The principal governing body is the Members Assembly. The Board of Directors, which meets bimonthly, is composed of seventeen members representing the different groups of the three types of membership; these are elected officials, half of them elected every year. An executive committee of the Board has a president and four vice-presidents, two from the public sector and two from the private sector; they are assisted by an Executive Director and a Treasurer appointed by the committee members. Every two years, the presidency rotates between the public and private sectors.
Energy in Mexico
Comparing the 2020 and 2021 Issue Monitor results, Mexico's energy leaders have identified Critical Uncertainties around policy, business environment and environment-related issues. The main uncertainties have shifted from Economic Growth, Sustainable Cities and Innovative Transport in 2020, to Market Design, Investor Environment and Carbon Abatement in 2021, whilst Trade and Investment Policies and Geopolitics continued to be considered as great uncertainties in the market. Meanwhile, Action Priorities around macroeconomic and environment-related issues have replaced Energy Efficiency, Talent, Energy Affordability, Large Scale Accidents and LNG with Energy Supply, Regional Integration, Energy Access, Urban Design and Land and Water Availability.
Most of the Critical Uncertainties and Action Priorities derive from the perception of the new energy policy implemented by Mexico's current federal administration, which deviates (to a certain extent) from the policy enacted during the 2014 Energy Reform. Among other principles, the federal government's new energy policy is based on achieving universal energy access, rescuing the state oil company PEMEX and the national utility CFE, complying with international commitments on clean energy, and achieving energy self-sufficiency. However, despite the government's energy drivers, some energy leaders (mainly market-oriented ones), perceive certain energy policies and regulations published by the Mexican government and the regulators as anticompetitive and working against the international transition commitments assumed by Mexico. The government's agenda, to a certain extent, seems to favour electricity generation from fossil fuels over intermittent renewable energy sources and prioritises projects sponsored by the national utility CFE over certain projects developed by the private sector.
On the other hand, energy leaders are optimistic that President-elect Biden's pro-renewable agenda may have a positive impact on Mexico. The regional integration agenda and cooperation between Mexican and US energy agencies are some of the important points to follow during 2021, together with the mid-term elections in Mexico.
Notwithstanding Mexico's energy policy; Renewable Energies, Investor Environment and Climate Change Management are the top three issues that Mexico's energy leaders have identified as priorities for 2021, which the private sector and the Mexican government will most likely have to work on together, as witnessed in the recent Reactivation Plan issued in November 2020 by the Mexican Ministry of Finance.
In respect to Mexico's energy system preparedness for responding to natural hazards and extreme weather events, the perception is that the institutions involved are well prepared to tackle the damages and return the system to normal. In relation to pandemics and malicious risks (such as cyber-attacks or terrorism) and/or demand-side structural changes, the perception is negative. Although Mexico's electricity system operator (CENACE) permanently updates and improves its monitoring systems, Mexico's energy leaders perceive that Mexico needs to work more closely with the private sector, regulators and market operators in setting protocols to respond to such events and develop smart grids to improve the system's reliability and resilience.
As for opportunities regarding the energy transition, Mexico's energy leaders see a variety of opportunities in which the private sector could work together with the Mexican government, including: exploiting existing synergies between the public sector, private sector and academic sector; developing intelligent electricity networks (including smart grids, distributed generation and blockchain solutions intended to decongest the grid); renovating and modernising obsolete plants owned by CFE; and developing pro-investment regulation.