February 11, 2019 / 2:05 PM / in 2 months

Mexico's President wants private energy firms not to hike electricity prices

MEXICO CITY, Feb 11 (Reuters) - Mexico’s President Andres Manuel Lopez Obrador said on Monday he wants to revise the contracts that private energy companies have with state-run power utility CFE and reach an agreement with those firms so they do not hike electricity prices.

“We are looking to achieve a voluntary restructuring of agreements and commitments within the framework of the law ... The Mexican government is committed to not increase electricity prices for consumers, but we want private companies to help in this initiative,” said Lopez Obrador. (Reporting by Anthony Esposito)

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