Mexico studies financial instrument for electricity trade




Mexico (Notmiex) – Mexico’s stock exchange, BMV for its initials in Spanish, is analyzing the creation of a financial instrument to buy and sell electricity through its derivative markets.

Financial instruments for electricity trade through the BMV would give the electricity market more stability, liquidity and competitiveness in favour of the consumer, said Enrique Giménez, director of Fisterra Energy Mexico, a unit of U.S. investment fund Blackstone.

Giménez said he has been working with the BMV for about a year to develop the financial instrument.

As Mexico moves forward with its energy reform, these instruments become more relevant because they allow for the trade of energy in terms of one month, two months and one year, and not only short and long-term operations.

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