Hydrogen is being procured at prices well above gas in the 2022 peak

Price per MWh for natural gas and hydrogen in April 2026

Hydrogen price refers to the capacity weighted average price for Hydrogen Allocation Round 1 projects
Chart: Centre for British ProgressSource: Hydrogen Allocation Round 1 prices from Low Carbon Contracts Company Schemes Register. Monthly gas prices from ONS - system average price of gas and adjusted to April 2026 values using UK CPI (ONS)Get the dataCreated with Datawrapper