Funding entity Mercado Ibérico del Gas (MIBGAS)
MIBGAS develop and publish a renewable hydrogen price index to promote the development of a hydrogen market. In the absence of a mature market for renewable hydrogen, this price index initially must be based on a cost assessment. Furthermore, given that the index aims to become a widely accepted reference in the sector, it is developed in collaboration with the relevant agents in a transparent, reliable manner, seeking representativeness within the Iberian Peninsula.
The cost-based index includes two complementary approaches. On the one hand, evaluating the production costs (“ask price”) of electrolytic hydrogen and, on the other hand, the adaptation and use costs of renewable hydrogen by demand or offtakers (“bid price”).
The objective of the collaboration is to support MIBGAS in defining a renewable hydrogen price index and develop the necessary calculation tools.
Layman's summary: The aim of the collaboration is to support MIBGAS in defining a renewable hydrogen price index and develop the necessary calculation tools.
Precios_H2
