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Price Assessment

Platts Hydrogen Assessments

  • What are Platts Hydrogen Assesments?
  • How do these new price assessments benefit the market?
  • How are the Platts Hydrogen price assessments distributed?
  • What is unique about Platts price assessments for hydrogen?
  • What is the methodology underpinning the Platts hydrogen price assessments?

What are Platts Hydrogen Assesments?

See Factsheet for more Hydrogen Assessment Information >

Building on the world's first-to-market hydrogen assessments launched in December 2019, Platts expanded in April on its North American and European assessments and launched its first hydrogen assessments in Asia.

Platts daily price assessments include 10 US regional set of prices, one Canadian set of prices, and prices from the Netherlands and Japan.

The daily price assessments demonstrate the production cost of hydrogen for Steam Methane Reforming (SMR) production methods, including in some regions for Carbon Capture and Storage (CCS), along with prices for Proton Exchange Membrane (PEM) Electrolysis, and Alkaline Electrolysis production pathways, in each of the key production hubs.

The calculated prices reflect both the commodity production cost and the capital expenditure associated with building a hydrogen facility.

Potential additional hydrogen assessments include adding assessments in both North America and Europe, along with new assessments in Asia-Pacific due to the fast pace of change and transition in the energy markets.

In the US, Canada, and Japan, Platts publishes two prices for the SMR without CCS, PEM, and Alkaline Electrolysis production pathways. One price reflects the commodity production cost and the other price reflects the commodity production cost and capital expenditures associated with building a hydrogen facility. Daily feedstock prices for natural gas and electricity and weekly California carbon allowances prices are used in some calculations.

In the Netherlands, prices are published for four different production pathways, including carbon capture and storage are produced through both SMR with and without CCS. For SMR production, month ahead natural gas, electricity, and carbon allowance prices are used in calculations. Platts assessed EU Wind Guarantee of Origin prices are added to Dutch electricity prices and other variable and fixed costs to calculate production costs for PEM and Alkaline Electrolysis.

The prices in Japan include both SMR without CCS and PEM and Alkaline Electrolysis production pathways. Platts uses day-ahead Japanese power prices in addition to capital costs that are roughly twice European costs to calculate production costs for PEM and Alkaline Electrolysis

The assessments will include a commodity price as well as a commodity plus production cost, for the following hydrogen production hubs:

Canada

—Alberta (SMR w/o CCS, Alkaline Electrolysis, PEM Electrolysis, excluding and including CapEx)

United States (SMR w/o CCS, Alkaline Electrolysis, and PEM Electrolysis, all excluding and including CapEx)

— Appalachia

— Gulf Coast

— Midcontinent

— Northeast

— Northern California

— Northwest

— Rockies

— Southeast

— Southern California

— Upper Midwest

The Netherlands

— SMR w/o CCS

— SMR with CCS

— PEM Electrolysis

— Alkaline Electrolysis

Japan

— SMR w/o CCS

— PEM Electrolysis

— Alkaline Electrolysis

How do these new price assessments benefit the market?

S&P Global Platts is bringing transparency to an opaque market. S&P Global Platts will publish both the commodity production cost and the commodity production cost plus capital expenditures on a daily basis. These assessments show market participants different ways to value hydrogen production in order to more accurately evaluate it as a fuel.

What is unique about Platts price assessments for hydrogen?

— We are the first independent source of daily hydrogen pricing assessments underpinned by a robust methodology and compliance to IOSCO principles

— We are very well placed to provide an external and independent view of the hydrogen markets

— We have an international reach and strong reputation based on decades of industry experience providing the market with valuable, market-tested benchmark pricing

What is the methodology underpinning the Platts hydrogen price assessments?

The hydrogen price assessments are based on feedstock costs using Platts existing natural gas and power assessments relevant to the pricing hubs and are calculated using a predetermined capacity factor and energy conversion efficiency for each production method. For example, the US Gulf Coast price is based on an average of power prices from Texas and Louisiana, as well as physical gas prices from Houston and Henry Hub (Louisiana).

The assessments using CapEx prices use the same calculations, but also include the capital expenditures associated with building and operating a hydrogen production facility. The Platts Editorial team reviews this fixed cost on a regular basis.


Methodology and Specifications

See all natural gas methodologies
See all natural gas methodologies

Products and Services

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