25%
share of CO2-free sources in the power mix in 2021
≡ Menu ≡
This analysis includes a comprehensive Mexico energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Immediate by e-mail
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
Highlights
25%
share of CO2-free sources in the power mix in 2021
+40 GW
additional power capacity needed by 2036
+4%
oil production since 2019 after a 35% decrease since 2010
Abstract
Institutions & Energy Policy
SENER, Secretaría de Energía, is the Ministry that coordinates the energy sector.
CRE (Comisión Reguladora de Energía) is in charge of regulating the gas and electricity sectors since 1995.
Energy Companies
Oil:
State-owned company Pemex dominates the production (tenth largest world oil producer), transformation, and distribution of crude oil and oil products. In 2008, the Senate adopted a bill opening Pemex to foreign capital and gave Pemex greater managerial and financial autonomy.
Energy Supply
Resources:
Mexico has the fourth largest oil reserves in Latin America, with around 830 Mt (after Venezuela, Brazil, and Ecuador) and has large conventional gas reserves (201 bcm) (end of 2021). Mexico also has large recoverable shale gas resources estimated by the U.S. Energy Information Administration at up to 19 tcm (the fourth largest in the world).
Energy Prices
Electricity:
Average electricity prices are US$16.4c/kWh for industry and US$8.4c/kWh for households (2021). In 2021, prices for industry were about 2.5 times higher than those in the United States, whereas prices for households were 30% lower.
Energy Consumption
Total energy consumption per capita is 1.3 toe and electricity consumption per capita reached around 2 200 kWh (2021).
Total energy consumption remained stable in 2021 after a sharp 10% reduction to 167 Mtoe in 2020 due to the COVID-19 pandemic (corresponding to 2003 levels). Previously, total energy consumption had been decreasing slightly since 2013 (by 0.6%/year over 2013-2019).
Issues & Prospects
In 2020, discussions between the business coordinating council (CCE) and energy companies such as Shell, IEnova, Sempra Energy, Enel, and Engie have led to the proposal of an energy investment package (US$92bn), including 275 projects to be developed between 2020 and 2024. Projects include power generation, storage, transportation, and exploration and production of gas.
Below is a list of the Mexico energy market report graphs:
In the Mexico energy market report you will find the following tables:
The Mexico energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Mexico country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Mexico country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Mexico country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
Secured payment by