Analysis of the development of energy consumption of electricity and fuels in Slovakia

Abstract

As the standard of living rises, the energy consumption of electricity and fuels increases not only in Slovakia but across the European Union. Future energy demand will be based on population growth, and it is the key factor of economic and social development of the society, with an emphasis being put on improving the quality of life. This study focused on the development of the final energy consumption (FEC) of individual fuels, electricity and heat, including their shares in the final energy consumption in selected economy sectors in Slovakia. Time-series analysis methods were applied to predict energy consumption for the next three years. Although we have witnessed a decrease in the total energy consumption in individual sectors in Slovakia in the years 2005–2015, energy consumption generally exhibits an increasing trend. In all of the analysed sectors, the development of final consumption of energy from renewable energy sources (RESs) and wastes exhibited a rising trend; nevertheless, the results of our evaluation indicated that Slovakia still has some major shortcomings as to the utilisation of RESs