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Comision Federal de Electricidad (CFE)

Comisión Federal de Electricidad (CFE) is a state-owned electric utility headquartered in Mexico. In 2019, its revenue was US$30.38 billion and in 2018 its installed capacity was 42.02 GW. It is the dominant electric company in Mexico. As a state-owned utility, CFE's focus appears to be electricity supply, not the low-carbon transition.

Ranking position
#43/50
Performance score
3.6 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

2.9 / 7.0 #19

Intangible Investment

0.0 / 2.0 #19

Management

0.0 / 4.0 #44

Policy Engagement

0.2 / 1.0 #39

Business Model

0.5 / 2.0 #44
Total 3.6 / 20 #43

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

CFE is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. CFE’s locked-in emissions exceed its decarbonisation budget. The company has stated it intends to replace emissions-intensive fuels with lower emissions ones, but no timeline has been provided for this. Further, the company’s projected emissions intensity is not going to keep pace with the rate of reductions required by its low-carbon pathway. CFE does not have an emissions reduction target in place to improve this projection. While it does have low-carbon electricity generation, the lack of a clear deployment schedule or investment plans suggests the company may not have the mechanisms in place to support the necessary growth of its low-carbon capacity.

Progress towards the Paris Agreement

More about the company

Headquarters
Mexico City, Mexico
Ownership structure
State-owned
Group revenue
US$30.38 billion (2019)
Installed capacity
42.02 GW (2018)
Website
https://www.cfe.mx/Pages/Index.aspx