In November 2018, we published a consultation on a new regulatory policy for holding Network Rail to account for delivery of the commitments in our determination, and the obligations in its network licence. This new policy replaces the existing economic enforcement policy for Network Rail and comes into effect for the start of Control Period 6.
Consultation on roles and responsibilities for Network Rail's enhancements work in Control Period 6 (CP6) as this will be treated differently to operations, maintenance and renewals expenditure in the Periodic Review 2018 (PR18).
Our draft determination set out our proposed decisions on the process through which we determined what Network Rail should deliver in respect of its role in operating, maintaining and renewing its network in control period 6 (CP6) and how the funding available should be best used to support this.
consultation invited suggestions for improvements to the clarity, consistency and simplicity of the contractual drafting of schedules 4, 7 and 8 of the model freight and passenger track access contracts.
Overview Good quality financial information is important for effective regulation as it helps to ensure that the interests of customers and funders are properly protected. Network Rail's regulatory financial statements are the primary sources of information about the company's financial performance. We recently consulted on how we should assess Network Rail's efficiency and financial performance