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CALCULATION OF THE GENAN ENERGY SURCHARGE

In 2021, Genan – and many other companies round the world – were suddenly facing skyrocketing energy prices. For an energy-intensive production company like Genan, it was of crucial importance that these escalating costs were at least partly covered by our customers. At the beginning of 2022, Genan thus introduced an energy surcharge per tonne of rubber product delivered.

The surcharge introduced was regularly adjusted as a variable energy surcharge, based on the energy index of the country in question – and calculated as an average based on the spot prices of energy registered in the previous quarter.

Since the beginning of 2023, energy prices have been more stable – and at a level where Genan has been able to suspend collection of the energy surcharge.

Below, you can see the development of energy spot prices over the past year – in the countries where Genan’s recycling plants are located.