Bonn (energate) - Due to the significantly higher wind and solar feed-in, the short-term electricity markets were lower last week than in the previous week. Spot prices fell by 25 per cent in a weekly comparison. This also reduced the production costs for green hydrogen. Hydex 'Green' traded at an average of 169 €/MWh (5.64 €/kg), 46 €/MWh (1.54 €/kg) lower than the previous week.
The gas markets remained at the same level as the previous week despite the low temperatures and increased demand. Stable LNG deliveries and well-filled storage facilities continue to ensure a relatively relaxed situation. As a result, cost prices for the production of conventional hydrogen also remained largely unchanged. The Hydex 'Blue' and Hydex 'Grey' were quoted at an average of 100 €/MWh (3.34 €/kg) and 104 €/MWh (3.48 €/kg) respectively.
Due to the increase in CO2 prices to almost 100 €/t, blue hydrogen is now quoted 4 €/MWh (0.14 €/kg) below grey hydrogen in terms of variable production costs. Green hydrogen was more competitive than conventional hydrogen last week. The green-grey hyspread averaged 65 €/MWh (2.16 €/kg), 47 €/MWh (1.57 €/kg) lower than 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
