PRNs are the shorthand
term for a kind of currency in recycling — packaging
waste recovery notes. They provide the evidence
that businesses need to prove they have met the
producer responsibility requirements of the
Packaging and Packaging Waste
Regulations.
In short, businesses in the
packaging chain large enough to be covered
by the regulations have to account for a certain
amount of recycling and recovery of packaging
waste - the latter
primarily through incineration with energy recovery.
The businesses who are covered by the regulations
are known as obligated businesses and they meet
their obligation by acquiring PRNs, usually buying
them from
accredited reprocessors who sell PRNs.
Alternatively the obligated businesses can join
compliance
schemes who buy PRNs on their behalf.
PRN prices - £ per
PRN/one tonne of material
| |
March
2008 |
April
2008
|
| Glass |
18 - 24 |
18 - 21 |
| Paper |
2 - 3 |
2 - 4 |
| Aluminium |
60 - 85 |
60 - 70 |
| Steel |
14 - 16 |
10 - 15 |
| Plastics |
15 - 20 |
15 - 20 |
| Mixed
— energy recovery |
1 - 2 |
1 - 2 |
| Wood |
2 - 3 |
2 - 4 |
|
For the PRN price
archive,
click here. For prices in
graphical form,
click here.
|
A PRN applies for one tonne of
material and the accounting year for PRNs runs
from January to December.
Prices shown are typical market
prices each month for PRNs. Usually the purchaser
will pay towards the top end of the price range
for a few PRNs and the purchase of large volumes
can attract a discount. Export PRNs are also available
— these are known as PERNs and are issued on material
sent to approved reprocessors overseas.
|
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