Slovakia Power Report

Providing expert analysis, independent forecasts and competitive intelligence on the power.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

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  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Slovakia Power Report
Product Price
$1,295.00

BMI View: The medium term outlook for Slovakia ' s power sector is quite encouraging. With two new nuclear reactors set to come on stream in the next couple of years, there should be a 29% increase in total gene rating capacity by the end of 2018, relative to our core forecast for the end of 2016. After that, generation is likely to plateau, given the absence of any significant new projects in the pipeline, a possible modernisation of the Vojany thermal station aside. Consumption should pick up from 2016, in a context where it has been constrained by weak manufacturing demand, although strong consumer demand has been providing - and should continue to provide - support, with interest rates curr e n tly at (and likely to remain close to) record lows .

Headline Power Forecasts (Slovakia 2015-2021)
2015 e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: EIA, UN, BMI
Generation, Total, TWh 25.038 24.827 28.473 32.047 32.208 32.295 32.441
Consumption, Net Consumption, TWh 26.0 26.3 26.6 27.0 27.3 27.6 27.9
Capacity, Net, MW 8,976.3 8,983.1 9,466.1 9,945.7 9,959.1 9,968.7 9,985.7

Latest Updates And Structural Trends

  • Investments in nuclear power mean we expect this sector to drive overall growth in the Slovak power industry, with nuclear power generation forecast to increase from 14.0TWh in 2015 to 21.1TWh in 2025, while total generation will increase from 25.0TWh to 32.6TWh.

  • Slovenske Elektrarne's (SE) work on the Mochovce Nuclear Power Plant is on course to result in reactor 3 coming onstream in Q416 or Q117 while reactor 4 should be complete a year later. Total power generation in Slovakia is therefore expected to increase substantially over the next couple of years, to 32.1TWh in 2018 (a rise of 29% over two years).

  • Consumption should accelerate from 2016 onwards, though annual growth will remain below 2%, which, combined with the improving generating capacity, will ameliorate the overall shortfall.

  • Italian power utility Enel in December 2018 concluded an agreement with Czech energy player EPH to sell SE, in a two-phase deal likely to total EUR750mn. However, the complex nature of the arrangement - which will not be completed until both new Mochovce reactors are online - could impair the strategic direction of SE over the medium-term, especially given the added lack of full clarity over whether the state or EPH will end up as the majority shareholder.

BMI Industry View
7
Table: Headline Power Forecasts (Slovakia 2015-2021)
7
SWOT
8
Industry Forecast
10
Slovakia Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Slovakia 2015-2020)
10
Table: Country Snapshot: Economic and Demographic Data (Slovakia 2020-2025)
10
Table: Country Snapshot: Power Sector
10
Slovakia Power Forecast Scenario
11
Table: Total Electricity Generation Data And Forecasts (Slovakia 2014-2019)
16
Table: Total Electricity Generation Data And Forecasts (Slovakia 2020-2025)
17
Table: Electricity Generating Capacity Data And Forecasts (Slovakia 2014-2019)
18
Table: Electricity Generating Capacity Data And Forecasts (Slovakia 2020-2025)
19
Electricity Consumption
19
Table: Total Electricity Consumption Data And Forecasts (Slovakia 2014-2019)
19
Table: Total Electricity Consumption Data And Forecasts (Slovakia 2020-2025)
20
Transmission & Distribution, Imports And Exports
21
Table: Electric Power T&D Losses Data And Forecasts (Slovakia 2014-2019)
21
Table: Electric Power T&D Losses Data And Forecasts (Slovakia 2020-2025)
22
Table: Trade Data And Forecasts (Slovakia 2014-2019)
22
Table: Trade Data And Forecasts (Slovakia 2020-2025)
22
Industry Risk/Reward Index
23
CEE Power Risk/Reward Index
23
Slovakia Power Risk/Reward Index
29
Rewards
29
Market Overview
31
Key Policies And Market Structure
31
Regulation And Competition
31
Table: Electricity Prices In EU Member States, As Of May 2012
33
Slovakia Power Projects Database
35
Table: Slovakia - Power Projects
35
Competitive Landscape
36
SE
37
SPP
37
ZSE
37
SSE
38
VSE
38
SEPS
38
CEZ
38
Company Profile
39
Slovak Electric
39
Regional Overview
42
Europe - CEE Power: Affordable Coal To Trump Renewables
42
Table: Turkey - Ambitious Renewables Targets
44
Glossary
46
Table: Glossary Of Terms
46
Methodology
47
Methodology And Sources
47
Industry Forecast Methodology
47
Sources
50
Risk/Reward Index Methodology
50
Table: Power Risk/Reward Index Indicators
51
Table: Weighting Of Indicators
52

The Slovakia Power Report features BMI Research'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).