An experimental WEEE trading platform is said to have shown a clearer picture of the market, even though only one trade took place before the platform closed.
Nine producer compliance schemes (PCSs) joined the Environment Exchange (t2e)’s WEEE reconciliation scheme, which was intended to promote the exchange of surplus evidence in a transparent way and at fair prices.
The reconciliation centre closed at the end of January as the compliance period came to an end. During the two weeks that the facility was operational, it received 39 bids and offers across all WEEE categories but registered only one transaction.
Some 25.5 tonnes of small mixed WEEE were traded as at £55.
t2e said that despite the one transaction, the platform succeeded in providing an indication of supply and demand and the prices at which PCSs were willing to trade (see table below).
Large household appliances (Category 1), display equipment (11), cooling appliances containing refrigerants (12), gas lamps and LED (13) showed surplus availability but no demand.
Small mixed WEEE (2-10) was the only category to show strong demand for evidence and a limited availability.
The platform was part of t2e’s proposal on the compliance fee, a payment that PCSs unable to meet their annual obligations can make at the end of the compliance year instead of acquiring additional evidence.
The Department for Business Education and Skills has selected another methodology, which was suggested by Joint Trade Associations, as its preferred to set the compliance fee.
Details of the fee are awaited.
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