One of the goals of Mexico's energy reform was to create a regulatory system that would foster competition in a very complex political environment. This framework, known as "coordinated regulatory bodies," was established in... more
One of the goals of Mexico's energy reform was to create a regulatory system that would foster competition in a very complex political environment. This framework, known as "coordinated regulatory bodies," was established in Article 28 of the Constitution and is intended to oversee and regulate the hydrocarbons sector. This paper conducts a legal analysis of this new model of regulation and seeks to determine whether its implementation strengthens the rule of law in Mexico. This paper is part of a Baker Institute Mexico Center research project examining the rule of law in Mexico (https://www.bakerinstitute.org/the-rule-of-law/) and the challenges it poses to implementing the country's energy reform.
This paper explores the various ways by which the president of Mexico can legally stop the implementation of the country's historic energy reforms.
Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators — protected from political pressures and able to make and sustain technical decisions — can guarantee greater legal... more
Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators — protected from political pressures and able to make and sustain technical decisions — can guarantee greater legal consistency than government authorities exposed to political pressures. The difficulty was finding an alternative model that ensured the institutional strengthening of the agencies without relinquishing too much control of the executive branch.
As a result of the 2013 energy reform, oil and gas companies completing projects in Mexico must now meet mandatory requirements to utilize local goods and services suppliers. The authors analyze the legislative framework in place to... more
As a result of the 2013 energy reform, oil and gas companies completing projects in Mexico must now meet mandatory requirements to utilize local goods and services suppliers. The authors analyze the legislative framework in place to enforce the local content requirement and the economic implications of the policy.
To gain public support for Mexico’s energy reforms, the government promised a future of low gas prices. The author documents the fallout when gas prices instead shot up 20 percent.
