Company profile

SLOVENSKÁ ENERGIA a.s., (SE) a new company on the energy media supply market, has been founded in 2005 as a partner of Česká energie, a.s., Prague for the purpose of making business in energy supply sector. Česká energie, a.s. has been making such business in Czech republic since 2002 and for the time being is focusing on electricity trading as well as on energy supply services regarding optimization of energy management of final customers. This company puts together Slovak, Czech, Canadian and US capital and know-how in energetics based on long-term experience with operation of foreign liberalized energetic markets.

Until 2005, electricity market in Slovakia has been regulated and managed primarily by the Slovak government and state-owned companies in which foreign energetic entities may have been participating only on minority basis. However, since 2005 the new Slovak Energetics Act 656/2004 Coll. allowed foreign entities to enter Slovak electricity as well as gas markets. However, electricity market has remained under strict state supervision and many market procedures are still governed by tough rules. Beginning from January 1, 2005 Slovak electricity market has been liberalized for all customers except households. Household market shall be liberalized from July 1, 2007.

In 2005, state joint-stock company Slovenské elektrárne, a.s. covered the most part of Slovak electricity consumption. Privatization of Slovenské elektrárne, a.s. has been prepared. Distribution of electricity has been provided by three regional distribution companies: ZSE, SSE and VSE. SE declared its intention to provide services in all parts of Slovakia and to become a competitor of all distribution companies. At the same time, SE plans to import electricity from Czech republic.

Two months after its foundation, the company has been granted a license No.2005E 0028 to make business in energetics and to provide electricity supplies. This license has been issued by Slovak Energetics Regulation Authority. The company recruited a competent staff and began to get ready for making electricity supplies to customers. Pursuant to Government regulation 124/2005 Coll. customer is allowed to change his electricity supplier once per month or once per quarter. However, distribution companies conclude with their customers electricity supply contracts on annual basis, so customers are entitled to change their electricity suppliers once per year.

Future goals

More rapid increase of electricity prices is expected soon. It is widely assumed, that the completion of privatization of SE, a.s. shall lead to increase of still low level of Slovak electricity prices approaching most of European Union level.

The company is preparing a business strategy and available technical support to address effectively potential customers and ensure continual and faultless flow of all supplies. We are aware that reliability of our supplies for the customers is a basic aspect of this business. The overall consumption in Slovakia is about 28.000 GWh of electricity per year. During first year of making business, we plan to supply to customers about 1% of this overall amount; after first three years we plan 3%; in long-term perspective we plan to get close to 5%.

In addition to electricity supplies, the company deals with procurement of energetical audits. Such audit should indicate effectiveness of electricity consumption in operations of big customers. Upon request it is possible to project and realize the on-line indication and inspection of consumption within individual operational units which allows simple consumption management and considerable cost-savings.

While making business, SE closely cooperates with top experts and professionals in energetics. Company provides solutions by using most-recent computing, communication and diagnostical technical equipment.