The index value is the unweighted arithmetic mean of pricing data from trades in green hydrogen provided by industry contributors, who each calculate and report a single buy and/or ask price that represents their average portfolio buy and/or sell price.
Published every Wednesday, it began operating last month.
Transparency
Hydrix is intended to foster transparency in the hydrogen market. EEX said the contributors, who are anonymous, are “renowned and well-accepted partners from industry and the energy sector – mostly from Germany”. They range from utilities to trading houses, engineering companies and industrial consumers.
The number of contributors has not been disclosed but the index requires at least four data points for both buy and sell from at least five contributors.
Unlike gas price indexes, prices and price assessments for Hydrid include delivery costs, since it is based on the average green hydrogen price for offtakers in Germany.
Peter Reitz, chief executive of EEX, said Hydrix closes a crucial pricing signal gap, which he said is foundational for a market ramp-up and further investment in the hydrogen economy. “With a market-based index based on actual trade prices for hydrogen we are providing a benchmark that can be used for investment decisions,” he added.
EEX is a member of Deutsche Börse's EEX Group, which runs commodity markets worldwide and provides registry services as well as auctions for guarantees of origin on behalf of the French state.
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