The Slovak power utility Slovenské elektrární (SE) has reached an agreement with the Slovak government to guarantee stable electricity prices for households until 2024. Under the terms of the agreement, the company will supply a total volume of 6.15 TWh/year at the current price of €61.21/MWh excluding VAT until 2024. The 6.15 TWh should cover the entire electricity consumption of households (around 5.6 TWh/year) and the remainder should be used to supply cheaper electricity to hospitals, social services homes and schools. Without this measure, which is expected to save around €500 per households until 2024, residential electricity bills could have increased by up to 80% in 2023.
In return, the government will withdraw a bill proposing extra taxes on nuclear power generation from the country's parliament National Council of Slovakia. As well, the Ministry of Finance and the Ministry of Economy have agreed not to take any measure that could financially endanger Slovenské Elektrárne over the 2022-2025 period, such as introducing, increasing or tightening any new tax, levy, fee, specific payment or regulation.
SE is owned by the Slovak government (34%) and Slovak Power Holdings (66%), a 50:50 joint venture between EPH and Enel. In 2020, SE’s power generation remained stable at 19 TWh (i.e. 65% of total generation in Slovakia), 82% of which from nuclear, 12% from hydro, and 5% from thermal.