Bonn (energate) - Due to the mild temperatures as well as the very high average wind feed-in, daily and weekly contracts on the electricity market fell significantly again last week. Spot prices fell by an average of 25 per cent. Due to this development, green hydrogen was again cheaper to produce than in the previous week. The Hydex 'Green' fell by 35 €/MWh (1.17 €/kg) and was quoted at an average of 132 €/MWh (4.41 €/kg).
The gas market also continues to benefit from the mild temperatures, which together with lower industrial demand had significantly reduced gas consumption. In addition, gas storage facilities are very well filled at over 90 per cent. Short-term gas prices fell by about five per cent on average. This also reduced the cost prices for the production of conventional hydrogen somewhat. The Hydex 'Blue' and Hydex 'Grey' were quoted on average 4 €/MWh (0.14 €/kg) lower at 123 €/MWh (4.11 €/kg) and 122 €/MWh (4.06 €/kg) respectively.
Green hydrogen was almost competitive with conventional hydrogen last week. The 'Green-Grey' Hyspread was quoted at an average of only 11 €/MWh (0.35 €/kg) and thus 31 €/MWh (1.03 €/kg) lower than in the previous week. On three days, green hydrogen was significantly cheaper than conventional hydrogen.
/Andreas Gelfort, E-Bridge Consulting
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.de
