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Brazil more than doubles expensive imported electricity amid energy crisis

RIO DE JANEIRO, BRAZIL - Energy is imported from Uruguay and Argentina. Data from the National Electric System Operator show that in August Brazil bought a daily average of 1,338 megawatts from its neighbors, more than double the July average which stood at 617 megawatts, and almost 12 times more than in August 2020.

Clarice Ferraz, Professor at the Federal University of Rio de Janeiro and director of the Ilumina Institute draws attention to the higher price Brazil is paying for imported energy.

"Energy sold through a contract in a long-term auction, the MW/hour is costing around R . . .

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