Despite the recent energy reforms in Mexico, the conditions under which some economic sectors operate in Mexico reflect a reality that is still far from a competitive marketplace, and the benefits that such markets generate. The authors of this paper present three factors that, if not recognized in a timely manner, may limit the effective application of the most recent reform in the natural gas and electricity industries.

This paper is part of a Baker Institute Mexico Center research project examining the rule of law in Mexico and the challenges it poses to implementing the country's energy reform.