Hydrogen Cost in United Kingdom
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Hydrogen, United Kingdom, contract price, exw, formula
- cash cost, on-site: Hydrogen, United Kingdom, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, United Kingdom, cash cost, formula, off-site (large supplier)
The negotiated contract price for Hydrogen delivery ex-works in United Kingdom reached 19.90 USD cent per normal cubic meter in May 2023, representing a 17% decrease compared to April 2023. Throughout the twelve-month period from May 2022 to May 2023, Hydrogen prices in United Kingdom experienced an overall decline of 29%. The operational cash cost for on-site Hydrogen production in United Kingdom totaled 14.70 USD cent per normal cubic meter in May 2023, marking a 22% reduction from the previous month. Over the full year from May 2022 to May 2023, the on-site production costs for Hydrogen in United Kingdom fell by 35%. The operational cash cost for off-site Hydrogen supply from large suppliers in United Kingdom amounted to 13.20 USD cent per normal cubic meter in May 2023, reflecting a 24% decrease from April 2023. Across the twelve-month span from May 2022 to May 2023, off-site Hydrogen costs in United Kingdom decreased by 38%.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
Other Utility Costs
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.