Hydrogen
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A hydrogen market for decarbonising the economy
Functioning and non-discriminatory trading markets are key for the successful development of the hydrogen economy: All stakeholders along the hydrogen value chain can directly trade hydrogen and hydrogen derivatives with each other and thereby enforce confidence in and transparency of hydrogen price signals as underlying for investments.
Price transparency – HYDRIX
Since 2023 EEX publishes on a weekly base the actual hydrogen price (HYDRIX), the first market-based price index for (green) hydrogen, as first step to accelerate the hydrogen market ramp-up by creation of much-needed price transparency for hydrogen.
The HYDRIX is based on price indications for the current week provided by renowned and established market participants from the industry. HYDRIX is calculated as the average of supply and demand prices every week and published with current and historical data on the EEX Transparency website at 16:00 CE(S)T every Wednesday.
Support for market partners
Already today, EEX offers comprehensive support for companies active in the hydrogen industry with a special focus on infrastructure and trading projects.
Example: Cooperation with H2Global
H2Global was founded to support the market ramp-up of green hydrogen first in Germany and Europe but also globally. Hintco, a trading company and subsidiary of H2Global will use EEX for trading of gaseous hydrogen but also hydrogen derivatives.
How can EEX support me quickly and easily in my hydrogen clusters and markets?
EEX is pleased to support the development of trading structures in the hydrogen clusters and markets to be developed - right from the outset. Formally, this is done through supporting letters (e.g. letters of intent (LOI) and letters of support (LOS)) in which the project manager and EEX explain the project and outline which contribution can be made.
Hydrogen working group
Established in 2020, the hydrogen working group of EEX represents more than 100 companies along the entire value chain of the global hydrogen industry. The common aim is building transparent, sustainable and non-discriminatory trading markets for hydrogen. Previous discussions triggered already the launch of the worldwide first market-based hydrogen index (HYDRIX) and the development of a trading platform for hydrogen products.
EEX is pleased to support the development of trading structures in the hydrogen clusters and markets to be developed - right from the outset. Formally, this is done through supporting letters (e.g. letters of intent (LOI) and letters of support (LOS)) in which the project manager and EEX explain the project and outline which contribution can be made.
Hydrogen trading
Competitive trading markets creates price transparency and further important information for trading of hydrogen and hydrogen derivatives.
With the support of market participants and framed by a proper regulatory design, EEX develops the needed trading solutions.
When and where will first hydrogen volumes become tradable?
With the establishment of first physical, infrastructural and regulatory backed hydrogen cluster, EEX will offer short-term products for physical balancing of hydrogen cluster by the responsible market participants (e.g. shipper, TSO’s, MAM).
Which products are most likely to become tradable first?
Together with above mentioned balancing products for the spot market, EEX will enable forward trading of hydrogen and hydrogen derivatives according to the given regulatory framework and based on infrastructure for production/import, transport, storage and use.
How can market participants trade hydrogen products at EEX?
Spot market products will become tradable via the high reputed spot market trading system already used today for natural gas trading. For forward trading EEX developed H2EX, a browser-based trading platform in line with the demands of the young hydrogen market.
Hydrogen certificates & registry services
According to the regulatory framework for hydrogen certification, EEX will develop and offer solutions to enable trading for hydrogen certificates.
Already today Grexel, an EEX Group company and expert in the operation of registries for traceability certificates, enables the industry to ensure reliable documentation from production until consumption of hydrogen.
Grexel and EEX will support market participants for the market-based implementation of delegated act pursuant to the RED II directive.
Public affairs
The European and global hydrogen ramp-up is a community task. With our network and expertise, we actively approach different interest groups and, together, are trying to find solutions for the different challenges early on. This includes, among other topics, the import structure, trading infrastructure and standardization of hydrogen and its derivatives.