European energy bourse EEX will publish a green hydrogen index, called HYDRIX, from Wednesday, scaling up price discovery in future markets for renewable energy, its chief executive Peter Reitz said on Tuesday.
Provided it comes from renewables - unlike "grey hydrogen" used by industrial processes from gas - hydrogen can become a
to complement future green power production, which Germany wants to supply 80% of electricity by 2030., is continental Europe's leading electricity and natural gas exchange. It is tying big producers and consumers to its platforms and clearing functions in maturities that in power extend up to 10 years.The index will be publicly available on the EEX transparency platform each week, expressed in euros per megawatt hour .
Initial, "critical mass" contributors were recruited from a working group of more than 100 companies that helped develop the EEX hydrogen product design, and it hoped to draw on successively more.The MWh metric is comparable with other EEX products and intended to help build an intersection to EEX guarantee-of-origin products that certify the renewable qualities of power and hydrogen.
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