Energy storage costs in Slovakia

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.

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 energy does Slovakia use?

Primary energy use in Slovakia was 194 TWh and 36 TWh per million inhabitants in 2009. Slovakia has a plan to get renewable sources of energy up to 19.2% by 2030. From 2024, following the completion of two new nuclear reactors, Slovakia will return to being a net exporter of electricity. Slovnaft is the largest oil refinery in 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.