Bonn (energate) - With the renewed restriction of gas supplies through the Nord Stream 1 pipeline, the gas markets proved very tense. Gas prices increased by an average of 26 per cent over the week. It is currently not foreseeable whether the supply volumes from Russia will rise again or fall even further. This increased the cost prices for the production of conventional hydrogen. The Hydex "Blue" and the Hydex "Grey" were quoted on average 60 euros/MWh and 56 euros/MWh higher at 317 euros/MWh (10.58 euros/kg) and 303 euros/MWh (10.09 euros/kg) respectively.
Short-term electricity prices also increased significantly by 22 per cent compared to the previous week. The reasons were the higher gas prices, but also the continued high demand due to the warm weather as well as lower PV and wind feed-in. The average electricity price level reached new highs with an average of 406 euros/MWh. Green hydrogen was 106 euros/MWh (3.55 euros/kg) more expensive to produce than in the previous week. The Hydex "Green" was quoted at an average of 600 euros/MWh (19.99 euros/kg) and thus also at a new high.
The competitiveness of green hydrogen compared to grey hydrogen thus decreased further in a weekly comparison. The hyspread "Green-Grey" increased by 56 euros/MWh to 303 euros/MWh (9.91 euros/kg). /
Andreas Gelfort, E-BridgeConsulting
The hydrogen index Hydex 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. You can also find the current status at: https://www.e-bridge.com
