HOUSTON, Texas, Dec. 8, 2016 /CNW/ -- Mexico's energy market liberalisation has taken a step forward, with the first transparency on forward energy pricing published by ICIS.
Market participant EKTRIA, a subsidiary of Fisterra Energy, chose the ICIS Mexico Energy Report to publish the first power swap contract offers for Mexico's power market.
The offers provide Mexican and foreign energy companies with the first transparency on energy price valuations for forward delivery – a key factor in building liquidity and creating strong investment signals as the energy markets liberalise.
"We wanted to help the market gain some pricing transparency, and chose to work with the Mexico Energy Report because it's well regarded and seen as the leading source of information for the energy industry in Mexico," said Enrique Gimenez, Managing Director at Fisterra Energy. "The story has led to a lot of enquiries – everyone wants to learn about this market."
EKTRIA offers provide a forward curve of contracts for baseload swap volumes of between 1-20MW, depending on the product, to be traded on a bilateral basis over the counter for financial settlement.
The US dollar-denominated contracts will be based on the hourly national energy component of the local marginal price for the Sistema Interconectado Nacional power grid, published daily by grid and market operator CENACE on its website.
ICIS provides global pricing and market information on power, gas and the global liquefied natural gas (LNG) markets.
The ICIS Mexico Energy Report provides exclusive news and in-depth analysis on the latest projects, prices and legislation affecting the Mexican energy sector. The report is the first English-language publication to provide the insight that global businesses and investors need to evaluate opportunities in Mexico's emerging power and gas markets.
To learn more about the EKTRIA power swap contracts click here
More information on the ICIS Mexico Energy Report can be found here.
To learn about ICIS click here.
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. We provide information and intelligence for global carbon markets through utilizing a unique combination of quantitative and qualitative research, as well as expert opinion to deliver detailed insight into emissions and carbon trading schemes. Our Timing Impact Model is the cornerstone of our analysis and provides clients with a more rounded perspective than conventional approaches. This gives our subscribers a competitive advantage over their competitors. ICIS offers products that cover the California/Quebec, RGGI, EU, South Korea, and China carbon markets.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
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