The CNH has been charged with running the bidding process for oil blocks in Rounds 1 and 2, and the Comision Reguladora de Energia (CRE) has overseen both the opening of the electricity market alongside SENER and the
CENACE, and the regulation of transportation, storage, and distribution of hydrocarbons, including natural gas.
The new Law creates the Mercado Electrico Mayorista - Wholesale Electricity Market ("WEM") conducted by
CENACE. The newly created WEM has the following characteristics:
The national energy control centre (
Cenace), which is currently part of CFE, is being transformed into an independent system operator with new powers to regulate the electricity market, while the ComisiEn Nacional de Hidrocarburos will oversee the hydrocarbons sector.