<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672019000300058</article-id>
<article-id pub-id-type="doi">10.22201/fe.01851667p.2019.309.70119</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Costos de generación, inversión y precios del sector eléctrico en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Generation costs, investment and prices in Mexico&#8217;s electricity sector]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Enríquez]]></surname>
<given-names><![CDATA[Alejandra]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ramírez]]></surname>
<given-names><![CDATA[José Carlos]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rosellón]]></surname>
<given-names><![CDATA[Juan]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,aff1  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Estados Unidos</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Panamericana Centro de Regulación Energética y Economía del Desarrollo ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Centro de Investigación y Docencia Económicas Departamento de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2019</year>
</pub-date>
<volume>78</volume>
<numero>309</numero>
<fpage>58</fpage>
<lpage>79</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672019000300058&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672019000300058&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672019000300058&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Los precios de la electricidad han registrado una marcada tendencia al alza desde la implementación de la reforma en el mercado eléctrico (RME) de México, que ha sido citada por algunos como evidencia de su fracaso. En este artículo estudiamos los determinantes de esa alza mediante la deducción de la curva de costos de generación de la Comisión Federal de Electricidad, antes de la entrada en vigor de la reforma, la construcción de datos horarios sobre precios promedios y el estudio de la relación entre precios y rentas de congestión. Los resultados principales del documento muestran que los tipos de tecnología de generación más rentables son los resultantes de la RME y que el aumento de los precios registrado durante los primeros años de la RME se explica, principalmente, por una creciente congestión de la red nacional de transmisión eléctrica más que por un diseño ineficiente de la competencia en el sector de generación.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Electricity prices have seen a consistent upward trend since the implementation of Mexico&#8217;s electricity market reform (EMR). This has been interpreted by some as a failure of the EMR. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the Federal Electricity Commission prior to the entry into force of the reform. We then construct daily data on average prices during the EMR. We also finally study the relationship between prices and transmission congestion rents. Our main results indicate that the most profitable types of generation technology are the ones resulting from the EMR. Likewise, price increases have taken place despite the existence of a considerably larger number of competitors in the generation sector. Lastly, the strong correlation between prices and congestion revenues is evidence that the increase in prices under the EMR is mainly due to the growing congestion in the national electricity transmission network rather than due to an inefficient competitive market design in the generation sector.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[reforma eléctrica]]></kwd>
<kwd lng="es"><![CDATA[generación eléctrica]]></kwd>
<kwd lng="es"><![CDATA[rentas de congestión]]></kwd>
<kwd lng="es"><![CDATA[precios nodales]]></kwd>
<kwd lng="es"><![CDATA[México.]]></kwd>
<kwd lng="es"><![CDATA[D21]]></kwd>
<kwd lng="es"><![CDATA[D47]]></kwd>
<kwd lng="es"><![CDATA[L50]]></kwd>
<kwd lng="es"><![CDATA[L51]]></kwd>
<kwd lng="es"><![CDATA[Q41]]></kwd>
<kwd lng="en"><![CDATA[Electricity reform]]></kwd>
<kwd lng="en"><![CDATA[electricity generation]]></kwd>
<kwd lng="en"><![CDATA[congestion rents]]></kwd>
<kwd lng="en"><![CDATA[nodal prices]]></kwd>
<kwd lng="en"><![CDATA[Mexico]]></kwd>
<kwd lng="en"><![CDATA[D21]]></kwd>
<kwd lng="en"><![CDATA[D47]]></kwd>
<kwd lng="en"><![CDATA[L50]]></kwd>
<kwd lng="en"><![CDATA[L51]]></kwd>
<kwd lng="en"><![CDATA[Q41]]></kwd>
</kwd-group>
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