15 June 2023
HyXchange publishes Simulation results and HYCLICX price indicator for spot market Hydrogen
HyXchange published its first issue of the HYCLICX variable-price indicator for hydrogen based on lowest-priced electricity hours, with a large share of renewable power production (see HYCLICX). The indicator is an instrument to estimate variable production cost for renewable hydrogen from electrolysis in the Netherlands. The method of HYCLICX (Hydrogen CLImate Certificate IndeX) can also be applied for other countries.
The HYCLICX indicator was inspired by the HyXchange simulation project of the future spot market for hydrogen. A total of 25 market parties participated in these simulation meetings. HyXchange aims to develop hydrogen trading, including, international trade and hydrogen imports. HyXchange also intends to develop a price index for imported hydrogen carriers.
Good news is that the May 2023 report shows very reasonable prices.