Demand for oil is driven by China and India, in advanced economies, on the contrary, the interest is plummeting. This is due to the massive development of renewables, increasingly efficient internal combustion engines and the shift to electromobility, states the International Energy Agency (IEA).

Slovakia has not built a single new wind power plant in 20 years. It will even receive money from the Recovery Plan to do so, nevertheless the Ministry of Environment is making no progress.

In Sweden, Bulgaria and Portugal, the price of electricity is only half higher than natural gas - already enough for the heat pump to be worthwhile for households. In Slovakia, the price of electricity is three times higher than the price of natural gas. State subsidies are also important in the purchase process, as they moderate the high price of equipment, yet in our country they are at a halt. 

Fifteen member states are asking the European Commission to show how it intends to encourage the introduction of heat pumps to both households and district heating systems. Even though the initiative has been supported by the Slovak government, households in Slovakia are currently unable to draw on EU funds to purchase them.