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PRNs revenue drops by third  

Packaging recovery note (PRN) revenues dropped by nearly a third in 2011, according to official data published by the Environment Agency to replace previous figures it said were published in error.

Some £23.2m was raised by the sale of PRNs, giving an average price of £3.16 per tonne over the 7.3m tonnes of PRNs issued.

It compares to a total of £34.3m in 2010; £84.3m in 2009; and £64m in 2008.

See full breakdown in table below of how PRN issuers said the revenue had been used.

The data reflects revenue received by reprocessors and exporters and does not take into account any additional charges made by schemes and trading floors.

The Environment Agency also retracted previous data it had published in error on 27 March, although the trends remain broadly the same.  

Packaging expert Phil Conran, now director at consultants 360 Environmental, said: “The analysis remains broadly [the same] but there are a couple of significant changes.

“The previous data indicated that insufficient PRNs might have been issued for glass to meet the obligation.

“It appears that the glass obligation had been overstated and has now been reduced, showing that the glass target was met with 134 tonnes more PRNs issued than required. Overall, 25,000 tonnes of PRNs were issued across all material that were not required.”

 

Total PRN Revenue Received by Category20102011year on year monies up/down
Infrastructure and capacity£9,377,242.34£5,803,677.70-£3,573,564.64 down 38%
Funding collection£3,732,111.87£3,316,673.99-£415,437.88 down 11%
Reduction in price and developing new markets for recyclate£17,363,702.78£11,509,460.71-£5,854,242.07 down 34%
Costs of complying with the regulations£1,135,467.36£976,741.39-£158,725.97 down 14%
Retained for future investment£2,197,663.29£1,231,871.81-£965,791.48 down 44%
Developing communication strategies£515,447.84£374,456.65-£140,991.19 down 27%
Total£34,321,635.48£23,212,882.20-£11,108,753.28 down 32 %

 

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