Photo, Marco Nieto-Vazquez

Marco Nieto-Vazquez

Baker & McKenzie Abogados, S.C.


Marco Nieto Vázquez is a partner in Baker McKenzie's Energy, Mining & Infrastructure Industry Group in Mexico City. He has over 17 years of international consulting experience in the private sector, the Mexican public sector, and international energy-related organizations. He has also served as an external consultant to the International Atomic Energy Agency, leading professional missions for some Central and South American governments on issues of energy modelling and planning and was part of the Energy and Infrastructure team in PwC in Mexico.

Practice Focus

Marco's practice focuses on power, oil and gas, energy transition, energy planning, economics and finance practices. Within the public sector, he developed models and policies for energy and prospective power planning, focusing on nuclear matters, power trading and pricing.

Marco has led the technical works in the implementation of the 2008 Mexican Energy Reform in sustainable energy, environmental sustainability and energy transition, particularly with the sustainability goals of Petróleos Mexicanos (PEMEX) and the Federal Electricity Commission (CFE). He also coordinated the sub-committee of the Technology Diversification of the Nuclear Committee and led discussions on nuclear power generation. Marco leads the Firm's Power sub-practice in Mexico City, focusing on the regulatory and economic implementation process of the 2013 Mexican energy reform, particularly with suppliers, traders and users in the wholesale power market.

Representative Legal Matters

  • Represented clients, such as power generators, power traders and final users, in the power interconnection process before the National Energy Control Center, as well as in the long term auction process to sell energy, clean energy certificates and power capacity, and in the financial transmission rights process after the energy reform.

  • Developed several formulas for payment, compensation and conditional performance in the power industry, considering issues like energy price, energy losses in the transmission network, congestion components in the nodal prices, uncertainty about the value of the project, and the limit of a budget under agreement structures.

  • Coordinated the market research analysis for a natural gas distribution zone in northern Mexico, including the evaluation of the investment environment at the local and regional levels, the analysis of the natural gas industry in Mexico, and the analysis of the market structure.

  • Coordinated the operative performance evaluation for affiliate companies and organizations of PEMEX, focusing its activity on transportation, trading and storage of O&G and petrochemical products, oilfield services, logistics and procurement services, oil refining, shipyards and port services.

  • Advised clients in the E&P Mexican sector on the logistic, technical and economic pre-qualification requirements for the bidding processes in Round One.

  • Monitored (as a federal energy official) the compliance of federal programs and policy goals for energy efficiency and environmental sustainability of the energy sector in Mexico, including the PEMEX and CFE, as well as the national strategy to promote cogeneration projects in Mexico. Developed a social cost-benefit analysis for the energy sector to evaluate the opportunity cost of the infrastructure projects and policy actions implementation process.

  • Designed and developed a model to evaluate the impact of the demographic transition and poverty on economic growth for a multilateral organization, demonstrating the positive correlation between growth and family planning.

  • Implemented a method of measurement for the concentration of sales in retail banking, using the index Hirschman-Herfindal. This allowed the efficient and timely maintenance of sustainable goals by monitoring performance indicators from customer profiles of a Mexican financial institution.

  • Responsible for the technical works during the implementation of the Energy Reform of 2008, contributing to the establishment of the National Commission for the Efficient Use of Energy and the international position of Mexico in sustainable energy development.

Professional Associations and Memberships

  • International Atomic Energy Agency - International external expert
  • Mexican Energy Association - Vice President of Social Impact and Indigenous Consultation Affairs
  • Green Power Group of the British Chamber in Mexico - President


  • Mexico (2001)


  • Instituto Tecnológico Autónomo de México (Master in Economic Theory) (2005)
  • Instituto Tecnológico Autónomo de México (Undergraduate Studies in Applied Mathematics) (2004)
  • Universidad Nacional Autónoma de México (BA Economics) (2001)


  • English
  • Spanish