Bonn (energate) - Due to the cooler temperatures as well as the lower wind feed-in, the short-term electricity markets traded firmer last week. Spot prices rose by an average of 21 per cent. This development also made green hydrogen more expensive to produce than in the previous week. Hydex 'Green' increased by 29 €/MWh (0.98 €/kg) and was quoted at an average of 213 €/MWh (7.09 €/kg).
Gas markets softened somewhat last week despite low temperature forecasts and a slight increase in industrial demand. Short-term gas prices fell by 2 per cent on a weekly basis. As a result, the cost prices for the production of conventional hydrogen also decreased compared to the previous week. The Hydex 'Blue' and the Hydex 'Grey' each decreased on average by 1 €/MWh (0.04 €/kg) and by 1 €/MWh (0.03 €/kg) to 105 €/MWh (3.50 €/kg) and 109 €/MWh (3.63 €/kg), respectively.
Green hydrogen was less competitive than conventional hydrogen last week. The Hyspread 'Green-Grey' traded at an average of 104 €/MWh (3.46 €/kg) and thus 30 €/MWh (1.01 €/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
