Slovak electricity prices approach last year's peaks as gas costs surge

Electricity prices in Slovakia are climbing toward the maximum levels reached in the previous year, while natural gas prices continue their sharp upward trajectory. The energy cost increases affect both household and business consumers as Slovakia faces renewed pressure on its energy markets. Slovakia, like other European Union countries, remains vulnerable to energy price volatility following the disruption of traditional supply chains and ongoing geopolitical tensions that have reshaped European energy markets since 2022.