Bonn (energate) - The short-term electricity markets eased again last week due to the return of milder temperatures and increased wind feed-in. Spot prices fell by 22 per cent on average. Due to this development, green hydrogen was also cheaper to produce than in the previous week. The Hydex 'Green' decreased by 44 €/MWh (1.48 €/kg) and was quoted at an average of 183 €/MWh (6.11 €/kg). Gas markets also softened somewhat last week on robust LNG supply and well-stocked storage. Short-term gas prices fell by 5 per cent on a weekly basis.
This also reduced the cost prices to produce conventional hydrogen compared to the previous week. The Hydex 'Blue' and the Hydex 'Grey' each decreased on average by 4 €/MWh (0.13 €/kg) and by 3 €/MWh (0.08 €/kg) to 107 €/MWh (3.56 €/kg) and 109 €/MWh (3.66 €/kg), respectively. Green hydrogen gained competitiveness over conventional hydrogen last week. The Hyspread 'Green-Grey' traded at an average of 74 €/MWh (2.54 €/kg) and thus 42 €/MWh (1.39 €/kg) lower 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
