The European Energy Exchange (EEX) has presented its hydrogen index "HYDRIX" at the E-world in Essen.
From now on Hydrix gives information about actually traded prices for green, that is with electricity from renewable energy sources produced, hydrogen. By including supply and demand prices for green hydrogen, the price index of the EEX should provide transparency in the market.
"Clear price signals are the basis for the market ramp-up and further investments in the hydrogen economy," emphasizes Peter Reitz, CEO of EEX. With a market-based index based on actual trading prices for hydrogen, EEX offers a benchmark that can be used for investment decisions, he said. "We are thus paving the way for the carbon-free future of the energy industry and living up to our role as a shaper of the energy transition," Reitz said.
Hydrix will be calculated weekly starting May 24, 2023, and published in euros per MWh on Wednesdays at 4 p.m. on the energy exchange's transparency platform. Any market participant in the hydrogen market can support the EEX with hydrogen prices for the price index, it says from Leipzig.
In cooperation with the consulting firm Enervis, E&M also offers a market-based hydrogen price index since the end of January 2022. Every two weeks, the index shows the price of a kilogram of green hydrogen compared to a kilogram of gray, which is hydrogen produced from steam reforming of natural gas.
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