The energy reform has been an important issue in the political life of Mexico. For that reason, the columnists of El Economists gave their points of view for our Opinion section.
1. Rejection of electrical reform improves Mexico’s outlook
According to the column published by Marco Mares on April 29, 2022, the rejection of the majority of legislators towards the electrical reform resulted in a positive effect on the economy. The rating agency HR Ratings affirmed the rating on Mexico’s sovereign debt and upgraded its outlook from negative to stable.
In other words it means that there is greater certainty for private investment in our country. This benefits economic growth in the medium term. Although from the beginning of talks, it was glimpsed that the electrical reform would not be approved, it generated concern among investors.
2. A partial victory
For Eduardo López Chávez, an academic from the School of Government and Economics at the Universidad Panamericana, the energy reform would reduce productivity in Mexico. He thus wrote it on April 21, 2022.
The project of reform in energetic matter, tried to give priority to the CFE over the rest of the electricity market participants. The CFE, headed by Manuel Barlett, would have 54% of the market. This affected free competition and productivity. If it had been approved, it would have resulted in an increase in production costs of goods and services, causing inflationary pressures.
3. Treacherous stories
Alberto Aguirre, our columnist at El Economista, also wrote about the energy reform. In his text of April 17, 2022, he recalled that for the previous reform of 2013, among his defenders were Santiago Creel y Gustavo Maderowho continue to be legislators and opposed the changes proposed by President López Obrador.
For their part, the Morenoite directors accused the former first lady of conflict of interest in the vote. Margarita Zavala, who is now a deputy of the Congress of the Union. Let us remember that Felipe Calderón joined Iberdrola as an independent director, more specifically to the US subsidiary Avangrid. For the clean energy branch, Iberdrola has invested in the CFE of our country.
4. Today the war begins
Just on the day of the vote on the energy reform, Soraya Pérez was writing her column. Soraya, who was a local and federal deputy of Tabasco for the Institutional Revolutionary Party (PRI), affirmed that this battle was not won by the foreign companiesnor the parties.
Soraya affirmed that “The one who most needed this reform was Andrés Manuel, but they did not give the numbers.” The alliance VA X MEXICO it worked, the election results were worth it.
5. More friendly than AMLO
Our collaborator, Manuel Ajenjo, author of the column The privilege of giving an opinion, criticized the visceral attitude of Mario Slim, president of the Morena party. Delgado on his Twitter profile stated that President López Obrador was thinking about the energy security of all Mexicans. On the other hand, the reform carried out during the six-year term of Enrique Peña Nieto subsidized large companies.
The energy reform of the neoliberals subsidized large companies while people paid high prices for electricity, the reform proposed by the President @lopezobrador_ is designed for the energy security of each and every Mexican. pic.twitter.com/FzhY5wcKp9
– Mario Delgado (@mario_delgado) October 8, 2021
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