FERC denied a complaint by energy conglomerate Saavi alleging CAISO unlawfully terminated the full capacity deliverability rights for its gas-fired generating unit in Mexico that previously was interconnected with the ISO’s grid.

Mexico’s government has been chipping away at the country’s electricity market reforms ever since Andrés Manuel López Obrador assumed the presidency.

FERC granted Mexican wholesale marketer CFE International’s request to sell energy, capacity and ancillary services at market-based rates.

In a sign of the increasing strength of the Mexican electricity market, at least some industry experts expect little change after next year's elections.

With its electricity demand projected to grow 3%-4% annually and off-peak prices as high as $65/MWh, the Mexico energy market presents an appealing target to generation developers.