Trading Market



EFT delivered MWh 429 682 and purchased MWh 280 584 of electricity in Slovakia in 2011. The result reflects a shift in the strategy employed by the Group, in which Slovakia was primarily a transit market enabling better optimization for the rest of the Group portfolio.

The year also saw EFT transfering all trading activities from the local subsidiary to EFT AG Switzerland. The groups most significant partners in Slovakia include Slovenske elektrarne a.s., all three local distribution companies (ZSE Energia a.s. - Eon, Stredoslovenska energetika a.s. - EdF, Vychodoslovenska energetika a.s. - RWE), and all important international and regional traders. EFT is also present on local energy platforms, such as SPX power exchange and ISOT platform of the OKTE market operator.

The Slovak energy market in 2011 has been largely defined by the introduction of a significant number of solar power units, stemming from country’s positive regulatory framework and policies. New units in the range from 100kW to 4MW now account for more than 200MW total installed capacity. In 2012 it is expected that the extension of the NPP Mochovce (owned and operated by Slovenske elektrarne a.s. / Enel) will be partially completed and that the 3rd block of the unit will be put into operation. This will significantly alter the Slovakian energy market, with NPP Mochovce delivering approximately 45% of total country’s production.

Population: 5,463,046
GDP (PPP*): $79.77 billion
GDP per capita (PPP*): $22,000
Area: 49,035 sq KM
Market: Semi-liquid
OTC platforms: ISOT