Mexico’s mid-term auctions predict rising 2018 capacity prices despite disappointing results

Mexico’s first mid-term auction closed in early March, just days after the announcement of the final capacity (potencia) balancing market price was revealed for 2017.

While the results of the auction - which had been seen as an important potential source of pricing signals and even a liquidity driver for the near term - were disappointing given the lack of deals, the one transaction which cleared the auction implied rising price expectations for potencia contracts through 2018 compared to the previous year.

For more on the results of the auction and analysis on potential future procedural improvements, download this insight produced by James Fowler.

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