The electricity grid is also buckling. Before becoming a politician, Sheinbaum was a physicist specialising in energy. The sector is hoping that she will quietly move away from López Obrador’s nationalist, fossil-fuel-driven policies and speed up the country’s green transition.
“That’s probably the area where we expect most change,” said Kimberley Sperrfechter, emerging markets analyst at Capital Economics. “The problem is she’ll be constrained by Mexico’s public finances.”