Trade bodies Hydrogen UK and RenewableUK are urging the UK government to revamp its green hydrogen plans to significantly decrease the cost of hydrogen production by nearly 60%. In a joint report, the associations have put forward 11 recommendations to cut electrolytic hydrogen prices by reducing electricity costs, which presently contribute to 70% of the final cost. By implementing these changes, electrolytic hydrogen costs could potentially drop below £100/MWh (£3.33/kg), making hydrogen a more economically feasible option. Hydrogen UK CEO, Clare Jackson, highlighted the report as a crucial step towards achieving national energy security and transitioning to clean energy. The report specifically calls for a reform of the hydrogen production business model (HPBM) subsidy scheme to attract new market players with realistic strike prices. It also advocates for incentives to perform electrolysis when electricity is cheapest, promoting cost-effectiveness. Additionally, the report stresses the importance of removing barriers for hydrogen producers to co-locate projects with renewable energy generators and developing hydrogen pipeline networks to optimize green hydrogen availability. RenewableUK's Chief Executive, Dan McGrail, emphasized that implementing the report's measures would not only reduce costs for the UK's hydrogen industry but also bring long-term economic benefits to the country. The report's proposals come in the wake of the UK Government's consultation on a hydrogen funding mechanism, raising questions on future decarbonization costs. While initial costs for the current hydrogen contracts (HAR1) may seem manageable, the government's broader hydrogen ambitions could lead to increased levies in the future. Overall, the report underlines the necessity for collaboration between the government, trade bodies, and private investors to establish innovative business models and drive the hydrogen industry's growth.