Since 2022, Genan has been charging an energy surcharge per tonne of ELT delivered to each of our five European tyre recycling plants – as part of the gate fee. This energy surcharge was introduced in response to the suddenly skyrocketing energy prices which we – and many other companies round the world – started facing in 2021.
On quarterly basis, the surcharge introduced is adjusted in our supply agreements as a variable energy surcharge – and calculated as an average based on the spot prices of energy registered during the previous quarter.
Below, you can see the development of the energy prices over the past year – in the countries where our recycling plants are located.
