BMI View: The short-term outlook for Slovakia's power sector is relatively weak, with declining output from thermal and coal generation leading to an overall contraction in total generation in 2015. The expansion of nuclear power does mean, however, that from 2016 onwards we expect to see substantial increases in total generation in Slovakia, with nuclear generation expected to increase by nearly a quarter in 2016 alone. The power infrastructure project pipeline remains dominated by nuclear power at present, with few other investments on the horizon, though there is scope for expansion of hydropower should agreements with neighbouring states prove successful.
|e/f = BMI estimate/forecast. Source: EIA, UN, BMI|
|Generation, Total, TWh||25.692||25.049||24.879||25.056||32.131||32.293||32.399|
|Consumption, Net Consumption, TWh||25.9||26.0||26.3||26.6||27.0||27.3||27.6|
|Capacity, Net, MW||8,950.9||8,976.3||8,983.1||8,995.1||9,945.7||9,959.1||9,968.7|
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 14.1TWh in 2015 to 21.2TWh in 2024, while total generation will increase from 25.1TWh to 32.6TWh.
Slovenske Elektrarne's (SE) works at the Mochovce Nuclear Power Plant are reportedly now 79% complete, with reactor 3 expected to come online in 2016.
Consumption will increase slowly in 2015 before a slight acceleration from 2016 onwards, though annual growth will remain below 2%, leading to a small improvement in the energy shortfall.
Italian power utility Enel aims to divest part of its 66% stake in SE by end-2015. The sale will generate about EUR2bn (USD2.2bn) - Enel will sell a minority stake in SE by end-2015, with the final exit expected following the completion of reactors 3 and 4 at the Mochovce Nuclear Power Plant.
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.
- 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.
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,
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.
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.
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.
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).