Abstract
In order to lower the price of hydrogen competitively, South Korea is implementing a subsidy policy for hydrogen. However, it has still been insignificant academically to determine the competitive price of hydrogen. In this respect, this paper analyzes the appropriate price of hydrogen from a price competitiveness perspective using the value-based price setting method. The analysis shows that the competitive price for power generation and industrial use is KRW 2,751/kg and KRW 2,395/kg, respectively, which is lower than the cost of producing or introducing clean hydrogen in Korea. On the other hand, the competitive price of hydrogen for transportation (passenger) is KRW 13,241/kg for gasoline and KRW 24,943/kg for electricity, and for transportation (commercial) it is KRW 19,898/kg for diesel, KRW 17,001/kg for CNG, and KRW 9,442/kg for electricity. These prices are higher than the domestic supply cost, influenced by vehicle purchase subsidies, fuel subsidies, and high differentiation value. These results can be used as important reference materials for designing reasonable hydrogen subsidy policies.
| Translated title of the contribution | Analysis of the Price Competitiveness of Hydrogen for Various Applications through Comparison with Competing Fuels |
|---|---|
| Original language | Korean |
| Pages (from-to) | 37-57 |
| Number of pages | 21 |
| Journal | 에너지공학 |
| Volume | 33 |
| Issue number | 3 |
| DOIs | |
| State | Published - Sep 2024 |