Bonn (energate) - Despite ongoing tensions and further restrictions on Russian gas supplies by Gazprom, short-term gas prices fell last week to their lowest level since the start of the Ukraine war. This was due to the continued stable LNG deliveries and low demand. The lower gas prices also reduced the cost prices for blue and grey hydrogen. The Hydex "Blue" and Hydex "Grey" were quoted 6 euros/MWh and 5 euros/MWh lower at 143 euros/MWh (4.77 euros/kg) and 141 euros/MWh (4.71 euros/kg) respectively.
The short-term electricity prices increased on a weekly basis compared to the previous week. This was mainly due to the low wind feed-in at the beginning of the week. Green hydrogen was therefore 50 euros/MWh (1.68 euros/kg) more expensive to produce than in the previous week. Hydex Green was quoted at an average of 259 euros/MWh (8.62 euros/kg). The competitiveness of green hydrogen compared to grey hydrogen decreased significantly in a weekly comparison. The Hyspread "Green-Grey" increased by 56 euros/MWh to 117 euros/MWh (3.91 euros/kg). /
Andreas Gelfort, E-Bridge Consulting
The Hydex hydrogen index is currently still cost-based and refers to the short-term production costs of three different technologies for the production of hydrogen, electrolysis (green), steam reforming with (blue) and without (grey) CO2 storage. It was developed by the consulting firm E-Bridge Consulting and appears weekly in energate's hydrogen briefing. The current status can also be found at: https://www.e-bridge.de.
