Mexico to rein in CFE and Pemex market power

Regulators will check abuses by power and hydrocarbon giants

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Guillermo Zuñiga, Comisión Reguladora de Energía

As Mexico liberalises its energy sector, regulators will fight to prevent abuses of market power by the country's state-owned energy giants – the Comisión Federal de Electricidad (CFE), the government-run electric utility, and Petróleos Mexicanos (Pemex), the national oil company – according to a senior government official.

Guillermo Zuñiga, a commissioner with the Comisión Reguladora de Energía (CRE), says his agency and other regulators will work vigilantly to ensure CFE and Pemex do not stifl