The Iberian Gas Market (Mibgas) has set in motion preparations to boost the biomethane market, by studying the launch of a specific price index for this renewable gas, according to what the operator itself has communicated.
This Tuesday, an initial working session took place, coordinated by Mibgas, in which nearly 90 companies and organizations participated, with about 140 people including in-person attendees at the operator’s headquarters and remote participants connected remotely. Representatives of the Ministry for Ecological Transition and the Demographic Challenge also took part in the meeting.
According to the information provided by the market operator, the gathering began with an explanation of the aims of this working group, presented by the president of Mibgas, Raúl Yunta. The central objective is to move forward in the configuration of a biomethane price index that supports the development of the renewable gases market in the Iberian Peninsula.
During the session, the main challenges to be addressed were reviewed, starting from the current situation, marked by the lack of clear price references. The goal is to shape a biomethane market that is sufficiently liquid to provide a solid price signal. From there, a discussion of opinions was opened on the design of the future index, the way to reflect that price, and the most appropriate calculation methodology.
This proposal adds to another similar initiative previously driven by Mibgas: the creation of a working group for a hydrogen price index which, after several meetings, culminated at the end of 2024 with the launch of the IBHYX, the benchmark index for the price of hydrogen.