Exchange for Change (EfC) has announced the new fixed price per material type for supplier contributions that fund the ACT Container Deposit Scheme (CDS), effective for 12 months for invoices issued from February 2024 to January 2025 (inclusive).
“The ACT continues to have one of the highest redemption rates in Australia, with 476 million containers returned through the scheme since launching in 2018, resulting in 72 per cent of containers supplied being redeemed either through the network or kerbside collections,” said Danielle Smalley, CEO of Exchange for Change, scheme coordinator.
The ACT CDS operates on a cost-recovery basis and does not make a profit. The scheme is funded by beverage suppliers who pay a fixed price per material type.
Pricing is calculated using detailed modelling to forecast scheme costs during the pricing period accurately. Any surplus funds or shortfalls at the end of the period are factored into future pricing.
“The price increase for containers made from aluminium, PET and HDPE reflects the strong volumes we forecast will be redeemed for these material types during the pricing period,” said Ms Smalley.
“In determining the new pricing, we have reviewed the latest consumer research and participation trends, consulted with the beverage industry and robust modelling to forecast redemptions and scheme costs during the period ahead.
“The success of the ACT CDS would not be possible without the contribution of the beverage industry. Together, we are making important strides towards a strong circular economy,” Ms Smalley said.
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