Monthly wholesale electricity prices in Slovakia 2019-2024
In March 2024, the average wholesale electricity price in Slovakia stood at 65.42 euros per megawatt-hour, a year-over-year decline of roughly 42 percent. Electricity prices in the country had been on a mostly upward trend from mid-2020 to summer 2022, soaring in the following years amid an energy supply shortage that severely impacted Europe. This was the result of a myriad of factors, including increased heating demand due to cold winters, a rise in natural gas and coal prices, a decrease in wind power generation due to low wind speeds, and, more recently, Russia's invasion of Ukraine and extreme temperatures in the summer of 2022.