Mexico clean energy certificate has become the focus of public opinion

Mexico plans to increase the country's low-carbon power capacity year by year, thereby reducing CO2 emissions and achieving clean energy goals. Specifically, the Clean Energy Certification Scheme requires electricity consumers to meet their emission reduction obligations by purchasing clean credits. However, the basic structure of this market is largely monopolized by the regulators, so how to price the certificate is still a big problem.

2018, Mexico's Clean Energy Certificate (CEL) mandatory demand of 15 million, also represents 15 million TWh of clean energy power, this figure will rise to 18 million in 2019, the 48v 100ah lifepo4 can be used in energy power projects. However, as of now unknown, Mexico's first clean energy auction to shoot only 5.4 million certificate, and buyers are the Mexican State Power Company (CFE). It is understood that this state-owned power plant also plans to be held later this year, the second auction to continue to purchase 10.6 million certificates.

It is clear that there is still a gap of about 9 million between the 2018 minimum compliance standards. As a result, the certificate buyers may choose to delay up to 50% of the obligation to 2019 to perform, so the gap in 2018 to control the relatively controllable 2.3 million or so.

Today, a total of 1.8GW of new generating capacity in Mexico is eligible for clean energy certificates, the vast majority of which are wind capacity (652MW) and photovoltaic capacity (1GW). These projects may help to close the shortfall in the Mexican Clean Energy Certificate market in the short term.

As an emerging clean energy market, like solar powered portable generator market, there is considerable uncertainty in the supply and demand of certificates in Mexico, and it is pointless to anticipate future price trends for certificates. However, a new Mexican rule stipulates that in the first four years (2018-2021), the price of certificates in the country's clean energy certification market should not exceed $ 17.6.

Indeed, through the introduction of the Clean Energy Certificate Facility, Mexico has demonstrated its commitment to the development of a clean energy market. However, if the price of the certificate can only be hovering below $ 17.6, it is difficult for developers to profit from the sale of certificates, it is difficult to rely solely on certificates to really encourage developers to invest in new business projects. At this stage, the risk of a clean energy certificate transaction is higher than the benefit. Several sets of data:

► 5%

Mexico for 2018 to develop the power consumption certificate requirements, the proportion is 5.8% in 2019.

►15TWh

2018 Mexico clean energy certificate demand gap, which is equivalent to 15 million TWh of clean energy power.

► 540,000

At this stage, the Mexican clean energy certificate market, the number of certificates in about 5.4 million, while the gap in the 9.9 million or so. This may lead to some of the electricity units will be up to 50% of the emission reduction obligations to 2019 to postpone the implementation of 2018, thus reducing the gap to 2.3 million.