Energy Management Services for the Mexican Power Market

Maximizing the value of your assets in Mexico´s electricity market

Electric capacity in progress (Mw)

Electric service user units in Mexico (thousands)

Power market size (mdp)

Bravos Energía is pioneer in energy management services in the Mexican wholesale electricity market.

We apply our broad knowledge of the energy regulatory framework to add value through asset management. Using our analytical capacities and our creativity, we develop optimal strategies to maximize asset value and to control risks, enabling our clients to seize every opportuny in Mexico’s wholesale electricity markets.

Bravos’ team stands out for the dedication, thoroughness, and  commitment we put into achieving our clients´ success, which also promotes the development of the electricity sector and competition in the electricity market.

Our Values
Services
Our Team

Our Values

Brave

We are driven to lead Mexico’s electricity sector transition towards a competitive model, because we are convinced that the economic development of Mexico demands low cost electricity. We understand that new markets go together with uncertainty, but we also know that important reforms can only be achieved with courage and conviction.

Noble

By conducting ourselves with honesty, transparency, and loyalty, we are worth the trust of our clients and of the other members of the electric industry.

Inquisitive

We prefer to listen before talking. We want to understand  in a precise manner the challenges our clients are facing. By focusing our attention on the details, we can propose the right solution.

Committed

Competitive markets reward excellence and punish mediocrity. We commit ourselves to work endlessly to achieve our clients’ success.

Services

Registration

Asset registration: We guide our clients in registering their market assets, as well as in modifying their asset registration. We ensure that our clients fully understand and comply with Mexican regulatory requirements, in order to avoid delays and obstacles to operation in the wholesale electricity market.

Front Office

Market bid analysis: we evaluate the market conditions and propose offers to minimize risks and maximize the value of the assets we represent.

Formatting, sending, and verification of offers: we submit energy bids for Day-Ahead and Real-Time markets, in accordance with CENACE requirements, and verify that all offers are correctly received by CENACE.

Relaying and Log-Keeping of CENACE dispatch and curtailment instructions: we serve as the primary contact between the power plants and CENACE for power dispatch and scheduling.

24/7 Desk: we perform real time monitoring of our clients’ assets and on the electricity market, and we react immediately to any  situation.

Middle Office

Risks Analysis and Control: we evaluate the expected value of our clients’ positions, as well as the value at risk. We recommend strategies and specific actions to take, in order to maintain our clients’ exposure within defined limits.

Credit analysis and strategy: we verify that CENACE calculations for credit requirements are correct, and we also identify any available action to reduce such requirements.

Back Office

Validation of Settlements in the Wholesale Electricity Market: by applying the formulas contained in the Market Rules, we make “shadow” calculations and verify that the products and amounts included in market billing statements are consistent with the underlying data, applying the corresponding market rules correctly.

-Settlements dispute management: if we find mistakes in market billing statements , we take the necessary steps with CENACE to have them corrected, ensuring our clients receive correct settlements.

Price Forecasting (available in October 2017)

Price forecasting for short term strategies: with a seven-day model, we forecast prices of energy and ancilliary services in the short-term market, to optimize offer and trading strategies.

Price forecasting for transactions and investments: with a 20-year model, we forecast the growth of the National Electric System as well as the medium- and long-term prices of energy and ancilliary services.

-Price forecasting for Capacity and Clean Energy Certificates: based on the long-term model, we forecast prices and available quantities of the other products included in the Wholesale Electricity Market.

Market Strategy Consulting

Product Trading Strategies: we analyze our clients’ options to sell their products and developed customized strategies to maximize income and reduce risks.

Risk Analysis and Risk Mitigation Strategies: we provide our clients with risk reporting and analysis of actions to reduce their exposure.

Negotiation of Bilateral Contracts: we maximize the value of our client’s bilateral contracts. We help our clients to “increase the size of the pie” by developing creative solutions that let each party fulfil its most important requirements.

Our Team

Jeff Pavlovic

Jeff Pavlovic

Holds degrees in Economics and Mathematics from Duke University, a Masters in Business Administration from Stanford University and a Masters in Economics from the Centro de Investigación y Docencia Económicas. He has also earned a NERC system operator certification and holds the Chartered Financial Analyst designation.

He has extensive experience in the electricity sector. He has held several positions in Mexico’s federal government, such as: Managing Director of Electric Industry Coordination as well as Managing Director of Generation and Transmission at the Ministry of Energy, and Unit Leader of Modernization in the Comisión Federal de Electricidad (CFE). In the United States, he was Manager of Generation Control and Dispatch for Xcel Energy in Denver, Colorado, and financial analyst at LEK Consulting, where he specialized in the unbundling of electric utilities.

Luz Aurora Ortiz Salgado

Luz Aurora Ortiz Salgado

Holds degrees in Economics and International Relations from the Instituto Tecnológico Autónomo de México. She recently finished her Master in translation and interpreting at Universidad Anáhuac.

She has worked in the energy sector for more than 18 years; she has dedicated more than half of them to the electricity sector.

She has held several positions in Mexico’s federal government, such as: Managing Director of Distribution and Supplying of Electric Energy, and Nuclear Resources; and Deputy Managing Director of the National Electric System at the Ministry of Energy.

In her latest position in the Mexican federal government, she participated in the deign of regulation applicable to long term auctions and coordinated and implemented the first long-term auction of the Wholesale Electricity Market in Mexico.

She has also been involved in the development of other areas of the Wholesale Electricity Market, such as market monitoring and metering regulation.

Careers

Bravos is building a high-performance team of talented people who are passionate about markets and who are convinced that developing a wholesale electricity market can change the future of Mexico’s economy.

If you like solving difficult problems, you have analytical or programming skills and a solid quantitative background, then send your resume to [email protected]

Do not miss the opportunity to sharpen your skills and be part of a pioneering firm in n growing market. At Bravos Energía you will be chanllenged and  motivated to learn more each and every day.

Contact

8 + 6 =