One of the biggest waste disposal firms in the region, Greyhound Recycling, has informed its customers about an upcoming increase in charges due to go live from the start of the next month. Currently having approximately 150,000 home-based clients in the Dublin vicinity, making it the capital’s second biggest service provider, the company has announced a monthly cost escalation of €2.99 due to the surging expenses of business operations.
Despite the average inflation rate taking a steep downturn over the past few months, now falling short of one percent according to statistics from the Central Statistics Office (CSO), the company’s price rise exceeds 10 percent.
Greyhound pinpoints modifications in national recycling methods among the reasons contributing to this price hike, which will be implemented from November’s onset. The company didn’t further clarify, although one crucial change adversely affecting the earnings of waste management companies this year has been first seen from February with the launch of the deposit return scheme. From then, aluminium cans and PET plastic containers have primarily been recycled via retail outlets, resulting in waste businesses forfeiting a potential yearly revenue of nearly €15 million.
In a letter disseminated to customers at the end of the previous week, Greyhound stated, “Despite general inflation weakening, several business costs persist to climb. Factors like disposal charges, levies, and variations in national recycling procedures have all played a role in this increment.”
“Despite our maximal attempts to offset the majority of these escalating costs, some amendments are now required to persist in delivering the superior quality service you anticipate. From 1st November 2024, your Greyhound account will include an extra €2.99 monthly charge. We wholeheartedly acknowledge that alterations in prices are undesirable, and we have endeavoured to lessen their influence on you,” the letter concluded.