CRE Publishes Regulatory Framework For Energy Storage In Mexico
As the regulatory framework evolves, further innovations in energy storage are anticipated, paving the way for a more efficient and resilient power system in Mexico.
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If energy storage deployment is considered a priority in the following years, Mexico could accelerate investments through a mix of storage procurement targets and financial incentives. A strong storage market can also be built over time by offering rebates, loans, investment grants, tax credits or other financial incentives.
Mexico Energy storage was first included as part of Mexico's long-term policies in the Transition Strategy to Promote the Use of Cleaner Technologies and Fuels published by SENER in 2016.
Mexico must set a legal definition of energy storage and clear market regulations. As a late mover, Mexico can select projects with less technological uncertainty. Procurement targets accelerate the formation of a storage market in the short term. Financial incentives are necessary to accelerate investment in energy storage.
The roadmap suggests developing regulations and promoting research, development and demonstration (RD&D) projects, but these proposals have not yet been adopted as a formal policy guideline. Nevertheless, Mexico is expected to start energy storage RD&D projects in the next years.
As the regulatory framework evolves, further innovations in energy storage are anticipated, paving the way for a more efficient and resilient power system in Mexico.
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