It takes energy to produce composite materials that are among the best in the world. We work diligently to optimise our processes and plant, but regardless of the effectiveness of our results, energy is required to produce and process composite into our customers’ finished components.
Energy has become a very expensive resource, and therefore, all of our products are subject to an energy surcharge.
Because we had to introduce the surcharge in response to increasing energy prices in Q3 2021, this means that when the energy prices once again drop to the level prior to Q3 2021, the energy surcharge will be abolished.
We are trying to be very transparent with respect to the calculation of our surcharge, and it is important to us that our customers are only charged the amount that corresponds to the actual increase in energy prices. Therefore, every month, we will adjust our surcharge in accordance with the current market prices.
The current energy surcharge for a given month will always be based on the average for the previous month. This means that, as our customer, you can be certain that you will always know the current month’s energy surcharge and the basis for its calculation.
The energy surcharge has been calculated as an average of the current prices for natural gas, based on the previous month.
In order to inform you of the new surcharge before the next month begins, our calculation will be offset by five days.
This means that the surcharge that is based on the readings from 25 August 2022 until 25 September 2022 will apply to the products delivered in October 2022.
The energy surcharge is determined according to index 100, as at 1 July 2021. Depending on the difference from index 100, our energy surcharge will be determined according to the table below.
Calculation of index: ETF (EUR/MWh) / 35.83 x 100
ETF spot rate
ETF spot rate
Our current energy surcharge, which is calculated according to the above calculations, is 5.3% for the period from 1 December 2022 until 31 December 2022.
The energy surcharge applies to orders invoiced in the specified period, and the current energy surcharge will always be indicated in your invoice.
If you have any questions in relation to the above, you are always welcome to contact us.