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Market Research Report
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1042827

Mexico Gas, Power, and Renewables Investment Horizon Outlook to 2032

Published: | Wood Mackenzie - Power & Renewables | Delivery time: 1-2 business days

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Mexico Gas, Power, and Renewables Investment Horizon Outlook to 2032
Published: December 13, 2021
Wood Mackenzie - Power & Renewables
Delivery time: 1-2 business days
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Report Summary:

After a wild bull run in 2021, Henry Hub normalizes nearly US$3/mmBtu beyond this winter. However, we expect it to be higher by 6.8% than our previous forecast between 2022 and 2032. The latter reflects over Location Marginal Prices, pressuring them to the upside in the short-term and shaping the power market accordingly. On the other hand, the president's new intent to modify the regulation in the energy sector through a constitutional amendment brings up an additional source of uncertainty for private participants. Furthermore, the lack of permitting for renewable projects has already decreased the rapid growth level from previous years, while the severity of the intended modifications will continue to affect private investors' confidence in the near and middle term.