Mexican antitrust watchdog urges Congress to reject power market bill

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Mexico's antitrust authority on Monday urged lawmakers to reject a bill sent this month to Congress by President Andres Manuel Lopez Obrador that aims to strengthen the hand of the national power utility in the electricity market.

FILE PHOTO: A general view shows high voltage power lines owned by Mexico's state-run electric utility known as the Federal Electricity Commission , in Santa Catarina, on the outskirts of Monterrey, Mexico February 9, 2021. REUTERS/Daniel Becerril/File Photo

The Federal Economic Competition Commission said in a statement that unless it is amended, Lopez Obrador’s proposal would “seriously damage” the conditions of competition for generation and commercialization of electricity in Mexico. COFECE’s recommendation to Congress is the latest in a series of disputes between the watchdog and the president over his drive to give the state more control over the energy market.

 

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Those 'watchdogs' only defend the interest of the transnationals, not the interest of the Mexicans. So, it will be a difficult month for all the propagandist.

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