Slovakia energy report

• By 2030, Slovakia aims to reach 19% of renewables in final energy consumption.
• Historical companies still dominate the power and gas markets: 65% of power generation for SE and 56% of gas sales to end customers for SPP. E.ON controls most of the power distribution and sales.
• Slovnaft operates the sole refinery.
• Nuclear dominates the power mix with more than half of power generation.
• Most of the oil and gas supplies are imported from Russia.
• Residential electricity and gas prices are significantly lower than the EU average (by 25 and 35%, respectively) and have decreased considerably since 2013.
• Primary energy intensity to the GDP fell by 3.3%/year between 2010 and 2019.
• Gas consumption rose by 8% in 2019, as consumption from the power sector surged by 85%.
• Two nuclear units will be commissioned in 2022 and will account for the bulk of new capacity additions.
• Slovakia is strengthening its gas interconnections in Central Europe and is planning a major gas pipeline to Bulgaria.

• Institutions & Energy Policy

  Energy issues are the responsibility of the Ministry of Economy, through its Energy Section.

  The Office for Regulation ofNetwork Industries (URSO) regulates the electricity and gas sector. The Ministry of Economy may reject the decisions taken by the regulator regarding energy prices but is obliged to publish its objections.

• Energy Supply

  Gas:

  Natural gas production is limited (124 mcm in 2019) and imports cover most of gas consumption. Imports decreased between 2005 and 2018, from 7.4 bcm to 4.4 bcm, and surged by 47% in 2019 to 6.5 bcm, as gas demand from the power sector nearly doubled. Most of the gas imports come from Russia, under a 20-year contract for 6.5 bcm/year over 2008-2028 signed with Gazprom.

• Energy Prices

  Electricity:

  Electricity prices are following a downward trend since 2019 for industry (-1.6%/year) and since 2020 for households (-4.7% in 2021), after a slight increase between 2017 and 2019. Previously, electricity prices doubled between 2000 and 2013, before declining by 4%/year on average until 2016. Taxes account for 17% of residential prices (only 1% for industrial prices) in 2021.

• Energy Consumption

  At 3.1 toe, total energy consumption per capita is in line with the EU average; power consumption per capita is 10% lower (5 000 kWh) (2019).

  Total energy consumption declined by 3.2% in 2019 to less than 17 Mtoe. It fell between 2002 and 2014 (-1.3%/year), then recovered until 2017 (+2.9%/year until 2017) before stabilising in 2018.

• Issues & Prospects

  Gas:

  According to Eustream, gas consumption is expected to remain stable until 2029, at around 135 GWh/d (around 4.8 bcm/year).

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Slovakia energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (€/l)
• GRAPH 6: Electricity prices for industry and households (€c/kWh)
• GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2019, %)
• GRAPH 10: Final consumption market share by sector (2019, %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2019, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (9%)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2019, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2019, %)

In the Slovakia energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Slovakia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.