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Example of the levelised cost of hydrogen produced by an electrolyser in Germany and Spain for different average electricity cost thresholds
Source
ACER calculations, using the LCOH calculator tool of the European Hydrogen Observatory and. wholesale day-ahead electricity prices for 2024 from ENTSO-E’s Transparency Platform.
Identifier
Reference
Figure 21
Comment
The main assumption is that electrolysers will operate during the least expensive hours until the rolling average wholesale electricity price reaches a certain threshold between 20 and 60 EUR/MWh.
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Example of the levelised cost of hydrogen produced by an electrolyser in Germany and Spain for different average electricity cost thresholds
Last updated:
2025-11-28 18:13
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Country
Germany
Spain
Cost threshold
20 EUR/MWh
30 EUR/MWh
40 EUR/MWh
50 EUR/MWh
60 EUR/MWh
Fields to export
Levelised cost of hydrogen [EUR/kg]
Levelised cost of hydrogen [EUR/MWh]
Country
Cost threshold
Levelised cost of hydrogen [EUR/kg]
Levelised cost of hydrogen [EUR/MWh]
Germany
60 EUR/MWh
7.10
212.30
Germany
50 EUR/MWh
7.00
209.30
Germany
40 EUR/MWh
7.30
219.20
Germany
30 EUR/MWh
7.70
231.20
Germany
20 EUR/MWh
8.60
257.40
Spain
60 EUR/MWh
6.00
179.00
Spain
50 EUR/MWh
5.70
170.00
Spain
40 EUR/MWh
5.40
161.00
Spain
30 EUR/MWh
5.30
157.70
Spain
20 EUR/MWh
5.40
161.90
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