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Slovakia energy report

Slovakia energy report
Update
Format
4 files (PDF report, 3 Excel files)
Pages
40 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

This analysis includes a comprehensive Slovakia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • Slovakia aims to reach 19% of renewables in final energy consumption in 2030.
  • The country unveiled its first climate law and confirms its objective to be carbon neutral in 2050.
  • Historical companies still dominate the power and gas markets: 64% of power generation for SE and 60% of gas sales for SPP.
  • E.ON controls most of power distribution and sales.
  • Slovnaft operates the sole refinery.
  • Nuclear dominates the power mix, with a substantial increase in 2022 (+ 8 points to 60%). Unit 3 of the Mochovce nuclear power plant was commissioned in 2023.
  • Gas and electricity prices for industrial skyrocketed by 123% and 83%, respectively, in 2022.
  • Primary energy intensity to the GDP is decreasing very rapidly (2.5%/year since 2010).
  • Gas consumption dropped by 19% in 2022, as consumption from the power sector plummeted by 43% due to rising gas prices.
  • Unit 4 of the Mochovce nuclear power plant will be commissioned in 2024.
  • Slovakia is strengthening its gas interconnections in Central Europe and is planning a major gas pipeline to Bulgaria.
-2.5%
annual energy intensity trend since 2010
60%
of nuclear in the power mix (2022)
-48%
GHG emissions between 1990 and 2021
  • Institutions & Energy Policy

    The Ministry of Economy is responsible for energy issues through its Energy Section.

    The Office for Regulation of Network 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

    Resources:

    Slovakia's hydrocarbon reserves are limited (4.1 bcm of gas and 1.9 Mt of crude oil at the end of 2022). It has significant reserves of lignite (135 Mt). The country's hydropower potential is estimated at 10 TWh/year.

  • Energy Prices

    Electricity:

    Electricity prices for industry skyrocketed by 83% in 2022, after a slight increase in 2021. Industrial prices in Slovakia are higher than the EU average (+15% in 2022).

  • Energy Consumption

    At 3.2 toe, total energy consumption per capita is 10% above the EU average; power consumption per capita is 20% lower (4 400 kWh) (2022).

  • 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).

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 10: Final consumption market share by sector (2022, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022%)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • 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 energy market data since 1990 and up to is included in the Excel file accompanying the Slovakia country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Slovakia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Slovakia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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.