Guatemala is selling more energy to Mexico

Guatemala exported $10 million worth of electricity to the neighboring country in the first seven months, significantly more than the one million dollars reported in 2017.

Friday, October 5, 2018

Sergio Recinos, Banco de Guatemala president, said to that "... With regard to this activity, greater dynamism is expected in electricity generation associated with the expected increase in external demand from Mexico and the restructuring of the energy matrix'.”

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On the other hand, Juan Carlos Méndez, president of the Association of Renewable Energy Generators, considers that "... This dynamism is positive, but exhorted the authorities to incorporate this market into the legal framework, since the current one does not include mechanisms to solve any controversy that may arise in the interconnection with this country, which covers 98.6 kilometers."

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According to Banco de Guatemala data, during the first seven months of the year the country reports electricity exports for $81 million, of which 13% have been for Mexico.

See 2018 figures and historical records.

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Arguing that there is a risk that energy transactions in the region will become more expensive, Guatemalan businessmen are asking the outgoing government to refrain from approving or signing reforms to the Central American Electricity Market Framework Treaty.

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According to data from Banco de Guatemala, during the first five months of the year the country exported $51 million worth of electricity, of which 14% was bound for Mexico.

Guatemala: Electricity Market Figures

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Nicaragua: Industry Increases Energy Consumption

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"The larger amount of generation (and consumption) of electricity may indicate that economic activity remains strong despite the slowdown in the export sector," said Ovidio Reyes, manager of the Central Bank of Nicaragua.

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