MIBGAS launched the first Iberian renewable hydrogen price index, with a price of 5.85 €/kg (148.36 €/MWh), the company announced. The publication of this new price signal, which will be updated weekly, is made on the website www.greenenergy.mibgas.es, created to host all MIBGAS actions in the field of renewable gases.
The working group created earlier this year and led by MIBGAS has participated in the development of the methodology to calculate a reference price for renewable hydrogen that reflects a reliable, robust, non-manipulable and representative cost-based signal.
The MIBGAS IBHYX reflects the production cost of renewable hydrogen, that is, the minimum price at which a producer is willing to sell to achieve the expected profitability. In other words, the price signal of the offer (ask) of renewable hydrogen produced in the Iberian Peninsula in a typical electrolysis plant. This signal represents the levelized cost of producing renewable hydrogen in accordance with the criteria established in the European Union’s delegated acts of the for the production of RFNBO (Renewable Fuel of Non Biological Origin) hydrogen.
The methodology employed is based on production costs, focusing initially on defining and unifying criteria to determine the production price of this energy vector in Iberia, as represented by the MIBGAS IBHYX index. The next step will be to determine the demand price (bid), which reflects the price an off-taker is willing to pay for renewable hydrogen. The gap or differential between these two prices will indicate the level of liquidity in this nascent market.
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Press release https://t.ly/13NaZ
