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Electricity and gas prices for households

Last update of indicator21.12.2022

Indicator definition

Prices of electricity for households are defined as average price in euro currency per kWh without tax and effective for the first semester of each year for medium size households (with annual consumption between 2 500 to 5 000 kWh). Prices of natural gas for households are defined as average price in euro currency per GJ without tax and effective for the first semester of each year for medium-size households (with annual consumption between 20 to 200 GJ).

Units

EUR/kWh, EUR/GJ

Metadata

Key messages

From the green growth perspective, energy prices, as one of economic instruments, show either positive or negative impact on consumption, demand, energy effectiveness, innovations, as well as the use of alternative fuels. Increment in electricity and gas prices indicates their growing shortage (and related distribution) as well as the effect of imposing charges on negative impacts of their consumption (e.g. greenhouse gases emissions) Typically, it is known that high-energy prices negatively impact the economic growth.

Over the period of 2005 to 2021, electricity price grew by approximately 24.7%, with a decrease 1.1 % between the years 2020 and 2021 (0.1668 EUR per kWh).

Increase in electricity prices has been due to a number of aspects, especially support of electricity production from RES (photovoltaic sources), increase of GDP from 19 % to 20 %, introducing a fee paid to National nuclear fund of burnt nuclear fuel and radioactive waste.

The same increasing trend has been recorded in the price of gas that over the monitored period of 2005 – 2021 grew by 40.2%, with a year-to-year decrease by 10.2% in 2021 and amounted to 11.41 EUR per GJ.

Summary assessment

International comparison

The OECD Green Growth database contains selected indicators for monitoring progress towards green growth to support policy making and inform the public at large. The database provides a synthesis of data and indicators available across a wide range of domains. The sources of the underlying data used to populate the Green Growth Indicators, as presented here, include a range of OECD databases and, in some cases, external data sources. The database covers OECD member countries, accession countries and selected non-OECD countries (including the BRIICS economies - Brazil, Russian Federation, India, Indonesia, China and South Africa).


OECD Green Growth Indicators Database

Contact

Ing. Slávka Štroffeková, SAŽP, slavka.stroffekova@sazp.sk

Methodology:

Selection and methodology of indicator’s assessment is based on the set of indicators proposed by the OECD and addressed by the report: "Green Growth: Monitoring progress towards green growth“. Data relating to the national situation are usually presented in the period between 2000 and 2012. Basic time sequence is changed in those cases when the data are not accessible or when their comparison is not possible due to differing approaches in their collection, assessment, changes in methodology, classification, etc.  Summary assessment of indicator’s trend from the green growth perspective is based on a subjective evaluation of the responsible assessor due to the fact that the strategy is not officially implemented in the Slovak Republic and therefore specific objectives have not been defined.  Naturally, this assessment builds on the analysis of the past trends, as well as their anticipated direction in view of the measures adopted as to date.
Selected indicators characterize Slovakia's initial position as seen from the perspective of the green growth and were to be used as a measuring tool before further steps are taken in the process of implementation of this strategy and for a complex assessment of the future trend of the Slovak economy.  Present set of green growth indicators comprises 32 individual indicators that are relevant in Slovakia's conditions. Four of them are national indicators that describe voluntary instruments of the environmental strategy. 
 

Data sources:

Data used in this document come from the official national or international sources and databases.  Assessed trend was reviewed and discussed with the state administration specialists (individual departments of the ministries of Environment, Economy, Labour and Social Affairs and Family, Finance, Agriculture and Rural Development) and their professional organisations (Slovak Hydrometeorological Institute, State Geological Institute of Dionýz Štúr, Slovak Environmnet Agency, State Nature Consservancy, Institute for Financial Policy) and also the Statistical Office of the Slovak Republic whose databases furnish most of the information.


Related indicators:

 

Linked references: