Slovakia

Index rank 22

Balance Score

ABB

Energy Sustainability Index Rankings and Balance Score

 2011  2012  2013  Trend Score
Energy Performance  16  17  19   
Energy Security  24  20  20  A
Energy Equity  42  40  38  B
Environmental Sustainability  43  46  48  B
         
Contextual Performance  48  51  55   
Political Strength  28  23  29   
Societal Strength  45  38  38   
Economic Strength  80  95  95   
         
Overall Rank  23  22  22  ABB
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Fossil Fuel Reserves

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Key Metrics

Industrial sector (% of GDP) 36.4
TPEP / TPEC  (net energy importer) 0.33
Emission intensity (kg CO2 per USD) 0.33
Energy affordability (USD per kWh) 0.23
GDP / capita (PPP, USD); GDP Group 23,366 (II)
Energy intensity (million BTU per USD) 0.16
CO2 emissions (metric tons CO2 per capita) 6.83
Population Access to Electricity (%) 100.0
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Index Commentary

Slovakia retains the same Index ranking this year, with performance on both energy and contextual indicators remaining relatively constant. Slovakia does an excellent job at balancing the various competing demands of the energy trilemma, with good rankings on all three energy dimensions. Although Slovakia imports the majority of its energy, it still performs well on energy security due to its quickly declining energy consumption growth rate, the diversity of energy sources of the electricity it does produce, and low rates of electricity distribution losses. Despite the rising price of gasoline, Slovakia also performs well on the energy equity dimension with its citizens having widespread access to quality electricity. It also ranks well on the environmental sustainability dimension, particularly due to its successful reduction of CO2 emissions in recent years and its previously mentioned diverse electricity generation portfolio, which is 75% from low-carbon or renewable sources and only 25% fossil-fuel based. Contextually, Slovakia continues to perform well on political and societal indicators, although political stability has slipped a little this year, but macroeconomic stability continues to lag behind.

Trends and Outlook

Improvements made to the Slovak energy sector over the past years are driven by energy saving efforts in all sectors of the economy, by using more efficient and clear heat and power technologies. The dependence on energy imports remains high and not diversified, however, the use of domestic renewable energy sources and processing of waste is increasing.

Recent policy developments are mainly driven by EU energy and climate targets and implementation of EU policy and regulation continues including market liberalisation and promotion of environmentally friendly energy technologies. The removal of cross subsidies is challenging as it conflicts with the support of the availability of cheap energy for low-income households and for the manufacturing sector.

Policymakers need to focus on dealing with the challenge for the distribution system as a result of decentralised production and electric mobility. Increasing energy efficiency in all sectors of the economy remains a challenge and requires structural changes in the economy to diverge from heavy industry to a sophisticated production, but also measures to reduce energy consumption of buildings. The role of nuclear energy needs to be discussed because the technology allows an increase of electricity generation without increasing carbon emissions. Furthermore, policymakers need to focus on decreasing the dependence on natural gas and oil imports.