Slovenia

Index rank 25

Balance Score

BBB

Energy Sustainability Index Rankings and Balance Score

 2011  2012  2013  Trend Score
Energy Performance  23  31  28   
Energy Security  56  57  60  B
Energy Equity  25  36  27  B
Environmental Sustainability  38  37  42  B
         
Contextual Performance  32  31  35   
Political Strength  29  32  34   
Societal Strength  26  25  25   
Economic Strength  42  42  48   
         
Overall Rank  20  23  25  BBB
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Fossil Fuel Reserves

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Key Metrics

Industrial sector (% of GDP) 27.6
TPEP / TPEC  (net energy importer) 0.49
Emission intensity (kg CO2 per USD) 0.29
Energy affordability (USD per kWh) 0.19
GDP / capita (PPP, USD); GDP Group 28,436 (II)
Energy intensity (million BTU per USD) 0.14
CO2 emissions (metric tons CO2 per capita) 7.30
Population Access to Electricity (%) 100.0
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Index Commentary

Slovenia’s Index ranking improves by two places in 2013. Slovenia exhibits strong, well-rounded performance on all three dimensions, but energy security continues to be the country’s biggest challenge, as its energy consumption growth rate is not declining as fast as in some of its peer countries. However, Slovenia sees improvements on certain indicators for this dimension from year, mostly notably its substantially increased oil stocks and continued diversification of its electricity generation mix. Energy equity improves the most (to rank 27), as the country continues to offer its citizens high-quality electricity, and as the relative cost of gasoline has not risen as much as it has in the rest of Central Europe. Performance on the environmental sustainability dimension falls slightly, but this is till fair, especially as only 35% of its electricity comes from conventional thermal sources. Contextual political and societal indicators remain similar, while macroeconomic stability worsens slightly.

Trends and Outlook

The new Government of the Republic of Slovenia, which began its work at the end of April 2013, will adopt the new energy Act by the end of this year at the latest to implement the provisions of the European Third Energy legislative package. Changes made are expected to increase competition in the electricity and gas market, and also increase investments in use of renewable energy sources in final energy consumption. Furthermore, intense preparations are going on for the construction of a series of hydroelectric power plants on the Sava River, which will improve long-term reliability and environmental performance of electricity production.

Due to increased competition in the market, electricity prices for both industry and households dropped significantly at the beginning of the year 2012, and similarly, in the second half of the year 2012, natural gas prices dropped by approximately 20%. This is expected to have a positive impact on Slovenia’s performance in energy equity.

South Stream, a gas pipeline that will pass through Slovenian territory and supply the southern and eastern countries of the European Union with natural gas from Russia, is expected to have a positive impact on the country’s energy security. Construction is planned between 2013 and 2015.

To improve Slovenia’s environmental performance additional financial investments are needed for energy efficiency measures, particularly in the energy consumption of buildings (thermal insulation, window replacement and replacement of obsolete heating systems) and into supporting schemes for the use of renewable energy sources for energy supply of buildings.