Page 116 - SE Outlook Regions 2022

Average electricity and gas prices in Slovenia went up in the third
quarter of 2021 over the previous three months for both household and
business consumers, the statistics office said.

In the third quarter, the average electricity price for household
consumers grew by 5% from the previous quarter and was 0.173
€/kWh, while the average electricity price without VAT for
non-household consumers rose by 8% q/q to 0.096 €/kWh.

The average natural gas price for household consumers increased by
4% compared to the second quarter and amounted to 0.057 €/kWh.
During the same period, the average natural gas price without value
added tax for non-household consumers jumped by 16% to 0.033
€/kWh.

Slovenian energy group GEN-I, which specialises in electricity trading,
announced in December it plans to invest over €1bn into renewables,
energy efficiency and storage and digital platforms by 2030, thus
creating over 700 new green jobs

The construction of a special storage facility for low- and
intermediate-level waste at Slovenia's sole nuclear plant Krsko is
expected to start at the beginning of 2022.

3.11.5 Construction

The construction sector grew by 2.5% y/y in the third quarter, while the
overall economy expanded by 5% in the same quarter.

In November 2021, the construction confidence indicator was 1 pp
lower than in October. Compared to November 2020, it was 25 pp
higher and it was 33 pp higher than the long-term average.

The decrease in the confidence indicator was mainly due to the overall
order books indicator, which decreased by 3 pp. The expected
employment indicator did not affect the change in value this time, as it
remained the same as in the previous month. The expected price
indicator recorded a significant increase of 12 pp.

Slovenia’s construction cost index (CCI) for new residential buildings
rose by an annual 7.3% in the second quarter of 2021, accelerating
from a 5.6% y/y increase in the previous quarter.

3.11.6 Major Sectors

Economic activity in Slovenia, similarly to the euro area overall, is being
curtailed by shortages of intermediate goods, while shortages of skilled

116 SE Outlook 2022 www.intellinews.com