Hydrogen Production Tax Incentive

Question

1. Did Treasury use or model any benchmark delivered cost of renewable hydrogen when developing the Hydrogen Production Tax Incentive? If yes, provide the benchmark cost or cost range used. 2. Did Treasury use or model assumptions about electricity prices, transmission access or water costs when developing the Hydrogen Production Tax Incentive? If yes, provide those assumptions. 3. Has Treasury assessed how many hydrogen-based projects supported under Future Made in Australia or related Commonwealth settings have binding offtake agreements and identified customers? If yes, provide the number. If not, state that Treasury has not undertaken that assessment. 4. Did Treasury assess whether supported hydrogen projects would remain commercially viable without continuing taxpayer support if renewable hydrogen remains above fossil-fuel-based alternatives? If yes, provide that assessment.

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000317 BET233 - Hydrogen Production Tax Incentive.pdf (opens in a new tab)