Mexico electricity prices, September 2023 | GlobalPetrolPrices.com (2024)

FAQs

How much will electricity cost in Mexico in 2023? ›

On the other hand, CFE established that starting in 2023, the unsubsidized High Consumption Tariff will have a fixed charge of MX$131.14/kWh (US$6.76/kWh) and a charge for energy consumed of MX$6.74 /kWh (US$347.59/kWh). This represents an annual growth of 4 and 7.4 percent respectively.

Household electricity prices amounted to over 11 U.S. dollar cents per kilowatt-hour in Mexico in June 2023. Residential electricity prices have increased steadily in the country since the end of 2020, when they were at 8.2 U.S. dollar cents per kilowatt-hour.

CFE has announced that the High Consumption Tariff, one without subsidies, will have a fixed charge of MX$131.14/kWh (US$6.76/kWh) and an energy consumption charge of MX$6.74/kWh (US$347.59/kWh) starting in 2023, with annual increase in the cost of 4% and 7.4%, respectively.

By comparison, household electricity prices in Mexico were cheaper, amounting to approximately 11 U.S. dollar cents per kilowatt-hour as of the second quarter of 2023.

Your maximum bill (including the 10% tax) will be 777 pesos or less. You can approximate what you will pay by using the figure of 0.65 pesos/kwh, so 900 kwh/month would cost you around 585 pesos. Most people will find it difficult to stay under the 1200 kwh limit which is approximately 40 kwh/day.

The Mexican Power Company, or Comisión Federal de Electricidad (CFE) produces power by burning diesel, so the power itself is expensive already. Then the CFE assigns a certain limit of electricity depending on what the demand of the entire household is.

The average electricity price in Mexico has dropped from 128.5 USD/MWh in 2021 to 119.52 USD/MWh in 2022.

The electricity sector in Mexico relies heavily on thermal sources (75% of total installed capacity), followed by hydropower generation (19%).

Is CFE better than CPA? ›

If you are interested in working in public accounting or with publicly traded companies, the CPA program may be a better fit. If you are interested in internal auditing, the CIA program may be the way to go. And if you are interested in fraud examination or forensic accounting, the CFE program may be the best choice.

CFE is an electric power company operating as a Productive State Company (Empresa Productiva del Estado), wholly owned by the Mexican Government. CFE is made up of ten Subsidiaries (Empresas Productivas Subsidiarias), five Affiliates (Empresas Subsidiarias) and four Business Units (Unidades de Negocio).

Which state has the cheapest electricity? According to EnergySage Marketplace data, Idaho has the cheapest electricity in the country at 10.35 ¢ / kWh.

The research, released in December 2021, analysed 230 countries and found on average electricity in Solomon Islands cost $1.03 per kWh. The cheapest electricity in the world is in Libya and costs $0.01 cents per kWh. The research found Australia's rate was 26 cents per kWh.