CEE region with relatively diversified energy supply

Drawing inspiration from the Energy Supply Security Index developed by the European Stability Mechanism, we have expanded the scope to include non-Eurozone countries. Given that the methodology emphasizes the diversification of energy supply - both in terms of energy sources and the geographical origins of their imports - a more accurate description for this index would be the Diversification Index. Within our region, Romania, Slovenia, Czechia and Poland exhibit well-diversified energy supplies. Hungary, Croatia, and Slovakia are positioned around the middle of the EU spectrum, demonstrating respectable scores that are not far behind their more diversified CEE counterparts. Romania has relatively well-diversified imports, while Slovenia and Czechia also benefit from diverse primary energy sources. The index does not account for the sustainability of energy resources, which provides Poland with a certain advantage. Conversely, Hungary and Slovakia face penalties due to their imports from Russia, as all geographical sources of imports have been penalized if the score poorly in the World Bank governance indicators. More about the energy sector is in our CEE Special Report: Energy prices to remain high as CEE embraces renewables.