On September 8, 2015 the Ministry of Energy ("SENER") published in the official federal gazette a resolution containing the Guidelines for the Electric Market (the "Guidelines") for the purpose of modernizing the power sector by promoting an open and competitive environment in each stage of the value chain.
According to the Power Industry Law ("LIE"), published in the official gazette on August 11, 2014, a Wholesale Electric Market ("MEM") was created to allow power generators to trade the energy they generate and ensure conditions of efficiency, quality and better pricing to final consumers.
The MEM must be governed by rules that allow its operation to ensure that the supply and demand of electricity, power capacity, clean energy certificates, financial transmission rights and/or ancillary services is guaranteed in a competitive market. The Guidelines, as a technical-legislative framework are intended to design and operate the MEM, including the auctions referred to by the LIE.
The Guidelines include 19 sections that contain the principles mentioned above. These sections establish the specific conditions and procedures that must be met by participants in the electric market, as well as carriers and distributers. For example: procedures for registry and certification as market participant, their obligations and responsibilities, planning of the electricity dispatch, market instruments and the interconnection criteria, among others.
Implementation in the MEM:
The Guidelines also establish the following implementation calendar for the MEM:
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The Guidelines become effective as of September 9, 2015 so it is a fundamental step in the energy sector's regulatory process, and will be the general base for all other provisions, manuals and criteria that will be a part of the Rules of the Power Market.