Clean Energy Cost-Savings: A Study of Mexico’s Federal Electricity Commission (CFE)

Clean Energy Cost-Savings: A Study of Mexico’s Federal Electricity Commission (CFE)

Figure 15. Equivalent Variable Generation Cost

When the equivalent variable generation cost for thermal power plants is compared to the cost of clean energy contracted through auction, the net benefit of clean energy sources becomes even clearer. Clean Energy Commitments Mexico’s Energy Transition Law sets the following mandatory goals for clean energy sources in the power generation portfolio: • 2018 25% • 2021 30% • 2024 35% These same goals are part of the voluntary commitments made by Mexico under the Paris Accord. However, Mexico is far from achieving these goals.

Figure 16 shows the evolution of power generation in recent years.

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