Business Monitor International


Slovakia Power Report

Published 09 January 2015

  • 55 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Slovakia Power Report

BMI View: Overall power generation is forecast to decline by 2.1% in 2015 to 25.0TWh due to a fall in the generation of electricity from coal and hydropower, and a slight dip in power produced from oil and natural gas. Over the next decade, however, generation will increase by nearly 30%, mainly as a result of an expansion of nuclear power. We forecast only a minimal rise in consumption in 2015 and 2016, but an acceleration in demand in the second half of the decade, driven by a steady expansion of the manufacturing sector. By 2017, Slovakia should become a net exporter of energy. However, risks remain, such as interference in pricing by the government and the rising costs of the project to build two new reactors at the Mochovce nuclear power plant. Several major investments planned for the years ahead may experience delays or fail to materialise altogether .

Key Trends And Developments

  • The cost of the Mochovce nuclear power station continues to rise. From an initial estimate of EUR2.4bn, the government confirmed in November 2014 that cost has now reached EUR4.6bn. However, a combination of international loans and the government's reluctant agreement to pick up its share of the additional cost means the power station is still on course to start operating in 2016.

  • In November 2014, the government increased the charge for operating the national grid, one of six components making up the end-electricity price, a cost which electricity providers may need to bear in the context of administered prices to consumers.

  • In November 2014, Slovakia, Romania, the Czech Republic and Hungary established the so-called 4M Market Coupling project which integrates the four countries' day-ahead electricity market.

  • The crisis in Ukraine is impinging on the power sector in Slovakia. An energy crisis in Ukraine poses a risk to exports of electricity from Ukraine to Slovakia, which last year amounted to around 75MWh.

  • Consumption may be negatively affected by an unexpected...

Table of Contents

BMI Industry View
7
SWOT
8
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Slovakia Snapshot
13
Table: Country Snapshot: Economic and Demographic Data (Slovakia 2013-2018)
13
Table: Country Snapshot: Economic and Demographic Data (Slovakia 2018-2023)
13
Table: Country Snapshot: Power Sector
13
Slovakia Power Forecast Scenario
14
Table: Total Electricity Generation Data And Forecasts (Slovakia 2012-2017)
14
Table: Total Electricity Generation Data And Forecasts (Slovakia 2018-2023)
15
Table: Electricity Generating Capacity Data And Forecasts (Slovakia 2012-2017)
16
Table: Electricity Generating Capacity Data And Forecasts (Slovakia 2018-2023)
17
Electricity Generation And Power Generating Capacity
18
Electricity Consumption
22
Table: Total Electricity Consumption Data And Forecasts (Slovakia 2012-2017)
22
Table: Total Electricity Consumption Data And Forecasts (Slovakia 2018-2023)
22
Transmission & Distribution, Imports And Exports
24
Table: Electric Power T&D Losses Data And Forecasts (Slovakia 2012-2017)
24
Table: Electric Power T&D Losses Data And Forecasts (Slovakia 2018-2023)
24
Table: Trade Data And Forecasts (Slovakia 2012-2017)
24
Table: Trade Data And Forecasts (Slovakia 2018-2023)
24
Industry Risk/Reward Ratings
26
CEE Power Risk/Reward Ratings
26
Table: CEE Power Risk/Reward Ratings (Scores Out Of 100)
31
Slovakia Power Risk/Reward Ratings
32
Rewards
32
Risks
32
Market Overview
33
Key Policies And Market Structure
33
Regulation And Competition
33
Table: Electricity Prices In the EU Member States, As Of May 2012
34
Slovakia Power Projects Database
35
Table: Slovakia - Power Projects
35
Competitive Landscape
36
SE
37
SPP
37
ZSE
37
SSE
38
VSE
38
CEZ
38
Company Profile
39
Slovak Electric
39
Regional Overview
41
CEE Power Regional Overview
41
Glossary
46
Table: Glossary Of Terms
46
Methodology
47
Methodology And Sources
47
Industry Forecast Methodology
47
Sources
50
Risk/Reward Ratings Methodology
50
Table: Power Risk/Reward Rating Indicators
51
Table: Weighting Of Indicators
53

The Slovakia Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Slovakia Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Slovakia to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Slovakia's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Slovakia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector and within the broader political, economic and business environment.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc