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Brexit 'likely to... effect... the volatility of refrigerant prices'

Brexit 'likely to... effect... the volatility of refrigerant prices'

A-Gas UK issue Statement on the outcome of the EU referendum.

“The outcome of the referendum has ushered in a significant period of uncertainty for the HVAC industry and the broader economy. The exact terms of Britain’s exit from the EU have still to be determined and are likely to take several years to complete. In the interim, it will be business as usual for A-Gas. The result has however, raised a number of questions from customers seeking clarity on some key issues.” said John Ormerod, A-Gas UK Managing Director.

How does this affect the F-Gas regulation?

“The F-Gas regulation has been adopted into UK law and therefore the provisions in it will still apply to the UK even after Brexit.”

What about exchange rates?

“We have already seen significant volatility in both the £/€ and £/$ exchange rates. This is likely to have an effect on the volatility of refrigerant prices as the cost of production is based on these currencies.”

Will Brexit affect refrigerant availability?

“We do not foresee specific problems in the supply chain arising from the referendum outcome. Our supply chain is protected by supply contracts and our own sources of reclaimed refrigerant place us in a good position to continue to meet our clients’ requirements.”

Currently, A-Gas say they are not answering any further questions on this.

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  • European News
  • UK News

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