Aveneu Park, Starling, Australia

In comply with a minimum percentage of

In recent years, the Mexican Wholesale
Electricity Market has undergone a major restructuring, with new laws issued,
new public entities created and new policies enforced for the promotion of
renewable energy sources. As part of such changes, as of 2018, the Wholesale
Electricity Market participants with large electricity consumers (with power
requirements equal or larger than 1 MW) are required to comply with a minimum
percentage of electricity from renewable energy sources. The percentage of
renewable energy required will be increased gradually, from 5% in 2018 up to 13.9%
in 2022, and will keep increasing afterwards depending on the evolution of the
scheme. The most important option for the obligated entities to be able to
comply with such requirements is the Clean Energy Certificates (CELs, by its
acronym in Spanish). These certificates are equivalent to one MWh of
electricity produced by technologies deemed as eligible, which include, for
instance, conventional renewable energy sources, efficient cogeneration and
fossil fuel-based electricity production coupled with carbon capture
technologies. Once produced, CELs can be sold if the obligated entity surpassed
its obligations or bought in case of a shortfall. Moreover, CELs can be cancelled
voluntarily, which opens an area of opportunity for a customer-driven voluntary
market; however, the benefits of the CELs voluntary cancellation is still to be
defined.

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