Pemex and CFE: energy transition spending rises 29% in 2027

The spending earmarked for the energy transition by Petróleos Mexicanos (Pemex) and the Comisión Federal de Electricidad (CFE) will total 8,157 million pesos in the 2027 draft Federal Expenditure Budget (PEF), 29% more in real terms than in 2026, according to an analysis by the Centro de Investigación Económica y Presupuestaria (CIEP) published on October 20, 2026.

The figure is equivalent to 2.6% of the two companies' combined physical investment and 0.8% of their programmable spending. The amount is distributed unevenly: CFE accounts for 7,053 million pesos, 42.1% more than in 2026, and Pemex for 1,104 million, 18.9% less, a breakdown also published by La Jornada on November 2. CIEP classifies CFE's resources under the function of supplying electricity to the population, without separating generation, transmission or distribution. The target of the Sectoral Energy Program (Prosener) is for 38% of electricity generation to come from clean sources in 2030, compared with 23.2% in 2023.

Annex 15 of the draft, the National Energy Transition Strategy, totals 20,289 million pesos, 10% more in real terms. Of that, 43.3% corresponds to the Secretaría de Infraestructura, Comunicaciones y Transportes (SICT), mostly rail works, and 34.8% to CFE. CIEP warns that the annex does not distinguish by type of technology or separate generation, transmission and distribution, so it does not allow measuring how much is directed to clean sources. It also notes that this is not an additional allocation: it classifies resources already included in each executing agency's programs.

CFE's Development Program envisages 18,597 MW additional between 2026 and 2030, 81.7% renewable or clean, with planned investment of 467,299 million pesos, of which 71.7% is financed through mixed schemes that include private participation, according to CIEP. The budget does not identify what share of that investment corresponds to 2027. At Pemex, the 1,104 million earmarked for transition funds projects in its 2025-2035 Strategic Plan, without the document detailing which ones.

The Budget and Public Accounts Committee of the Chamber of Deputies begins debate on the 2027 PEF in committees on November 5; the draft ruling goes to the floor on the 9th and the final vote is scheduled for the 11th, La Jornada reported. The point to watch is whether the ruling modifies Annex 15 or incorporates the breakdown by technology that CIEP identifies as pending.

This article was written with the assistance of artificial intelligence based on verified sources and reviewed by a human editor before publication.