Bonn (energate) - Due to the wintry temperatures and the very low average wind feed-in, the daily and weekly contracts on the electricity market recovered significantly last week. Spot prices rose by more than 100 per cent on average. Due to this development, green hydrogen was also significantly more expensive to produce than in the previous week. The Hydex 'Green' increased by 137 €/MWh (4.56 €/kg) and was quoted at an average of 269 €/MWh (8.96 €/kg).
The gas market was not impressed by the current cooler temperatures. On the contrary, the forecasts for the beginning of February point to warmer weather again. This should keep gas demand in the subdued normal range. Short-term gas prices declined slightly by one per cent on a weekly basis. As a result, the cost prices for the production of conventional hydrogen remained almost unchanged compared to the previous week. The Hydex 'Blue' was quoted on average 1 €/MWh (0.03 €/kg) lower at 123 €/MWh (4.08 €/kg). The Hydex 'Grey' remained constant at 122 €/MWh (4.06 €/kg).
Green hydrogen lost the competitiveness it had gained last week against conventional hydrogen. The Hyspread 'Green-Grey' traded at an average of 147 €/MWh (4.90 €/kg), 137 €/MWh (4.55 €/kg) higher than in the previous week.
/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
