What happened to Slovakia's energy supply?

Although Slovakia is a significant producer of nuclear and hydroelectric energy, its biggest energy provider made a costly decision to sell off its excess power to energy traders early in the year. These traders are now selling the contracts back to Slovakia at market prices that are about five times higher.

How much does electricity cost in Slovakia?

The electricity price for businesses is EUR 0.253 kWh or USD 0.291. These retail prices were collected in September 2024 and include the cost of power, distribution and transmission, and all taxes and fees. Compare Slovakia with 150 other countries. Historical quarterly data, along with the latest update from March 2025 are available for download.

How long will a gas storage facility last in Slovakia?

Its construction should last about one year. The current underground gas storage capacity in Slovakia is about 3 billion cubic metres. The existing facilities are operated by companies Nafta and Pozagas. Another locality suitable for construction of a gas storage facility is in Ptrukša in eastern Slovakia.

Is biomass a viable energy source in Slovakia?

Biomass currently dominates electricity generation from renewables, followed by biogas, solar, and hydropower. Despite its high potential, wind energy remains largely untapped in Slovakia due to its perceived instability and regulatory hurdles.

What is Slovakia's national energy and Climate Plan?

Slovakia’s National Energy and Climate Plan sets an ambitious target of achieving a 19.2% share of renewable energies in gross final energy consumption by 2030.

Should SHPPs be integrated into Slovakia's energy mix?

The integration of SHPPs into Slovakia’s energy mix could be a strategic move towards enhancing the country’s energy landscape, offering a sustainable and efficient method to increase renewable energy production while contributing to local development and environmental conservation.