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Argentina electricity exports soared due to drought in Brazil

RIO DE JANEIRO, BRAZIL - According to Energy Secretariat data, in the first 9 months of the year, 2,876 GWh were exported to Brazil, surpassing the 2020 annual record of 2,618 GWh. The average export price during 2020 was US$205 per MWh.

In September alone, US$258 million in electricity was exported to Brazil. Projected exports to the country for 2021 stand at approximately US$1 billion, according to official data.

"Electric energy is invariably exported to Brazil, but the drought issue has resulted in favorable prices for Argentina. Brazil is experiencing its worst drought in 90 years . . .

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