Heavy rains in Uruguay have allowed for energy prices to drop from $140/MW to $122, according to a report in La Republica newspaper.

The replenishment of the country’s hydroelectric dams has eased the soaring energy prices experienced in the country, which was recently hit by an energy crisis.

Palmar, Uruguay’s main dam was filled over a single weekend in early July and even created an excess in water, the paper said, citing the general manager of the Electricity Market Administration, Juan Zorrilla de San Martin.

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