|
Electricity Market
Generation: The generation sector is heavily dominated by new Slovenské elektrárne a.s. (SE a. s., 66% controlled by Italy’s ENEL SpA), the generation company resulting from the split of vertically integrated utility SE a. s. in 2001. SE a.s. accounts for more than 80% of installed capacity (including 2 NPPs, 2 TPPs and several HPPs) and generated electricity, and also acts as reseller of power purchased by other sources. Residual capacity owned by Tepláreň Košice a. s. (TEKO a. s., the CHP Company resulting from SE restructuring).Wholesale prices are freely negotiated. Maximum price set on bids for the provision of ancillary services, due to the lack of IPPs.
Networks: State-owned Slovenská elektrizačná prenosová sústava a.s. (SEPS a.s.) is the nation-wide TSO.Three regional distribution companies with majority shareholding by the National Property Fund and minority private participation: Východoslovenská energetika (VSE, participated by RWE), Stredoslovenská energetika (SSE, participated by EDF) and Zapadoslovenská energetika (ZZE, participated by E-ON).
Supply: Regional distribution companies are dominant in respective areas. SE a.s. distributes directly to large consumers accounting for 5% of total electricity. In addition, about 150 local distribution operators (area-suppliers) are active. All non-residential consumers are eligible since January 2005. Actual switching ratio remains marginal. Electricity prices to consumers regulated through revenue cap since 2003.
Natural Gas Market
Upstream: The natural gas sector is dominated by vertically integrated company Slovenský plynárenský priemysel a.s. (SPP, or Slovak Gas Industry JSC). SPP is owned by the State (51%) and by Ruhrgas and Gaz de France through their company Slovak Gas Holding BV (49%).Domestic production by NAFTA Gleby is negligible. Virtually the entirety of gas demand is met through imports from the Russian Federation, on the basis of a long-term agreement between SPP and Russia’s Gazexport valid until 2008.
Networks: SPP owns and operates gas transmission and distribution under regulated TPA regime.SPP also controls underground storage facilities, through participation in the capital of NAFTA a.s. (55%, together with Ruhrgas 40%) and POZAGAS a.s. (35%, together with NAFTA 35% and Gaz de France 30%)
Supply: All non-residential consumers eligible since January 2005.SPP is the dominant supplier. About 50 small suppliers are active in industrial areas.Supply prices to captive customers are regulated through price cap. | 
