Economic regulation

Guidance on Network Rail’s strategic business plans

25 July 2017
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As part of the 2018 periodic review (PR18), Network Rail will produce strategic business plans (SBPs) which will form the main source of evidence that we will use to determine Network Rail’s funding and outputs for CP6.

Consultation on the overall framework for regulating Network Rail

24 July 2017
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Draft design for our approach to regulating Network Rail in CP6 This document sets out our approach to regulating Network Rail in control period 6 (CP6, which will run from 1 April 2019 to 31 March 2024, as we have consulted on it in the draft determination. Its purpose is a tool to express our proposed framework for regulating Network Rail in a succinct way. Draft design for our approach to

High-level output specifications and statements of funds available

17 July 2017
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This page sets out information relating to the high-level output specifications (HLOS) and statements of funds available (SoFA) for CP6. Overview As part of a periodic review, the Scottish Ministers and Secretary of State are required to inform us what they each want railway activities to achieve during the next control period. We call this the ‘high-level output specification’ or HLOS. The

Measuring performance of England’s strategic roads: what users want

31 March 2017
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31 March 2017 This page contains details of joint research by ORR and Transport Focus into what road users want from England’s motorways and major A roads, and how they would like to see that measured and reported to help boost performance. In ORR’s approach to the second Road Investment Strategy which will span the period between 2020 and 2025, which was published in December 2016, we set our

Economic regulation

9 March 2017
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We regulate Network Rail, holding it to account for delivering high levels of performance and service, as well as good value for money – for passengers, the freight industry and taxpayers. We also regulate railway networks separate to the national network operated by Network Rail, including the Channel Tunnel and High Speed 1, and we have a limited role in regulating the railway in Northern

Schedule 4 and 8 PR18 re-calibration working group

27 February 2017
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In our charges and incentives consultation, published in December 2016, we encouraged an industry-led approach to the re-calibration of Schedules 4 and 8 in PR18. To help start this process we hosted a series of regular meetings to agree with industry the approach for recalibrating each aspect of the regimes. There are separate passenger, freight and charter Recalibration Working Groups to account

UK rail industry financial information 2015-16

17 February 2017
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22 February 2017 The UK rail industry financial information for 2015-16 presents ORR’s analysis of this financial data. Since 2014-15 the publication has widened its coverage of the industry and made methodological and presentational changes. As a result, comparisons with the 2014-15 publication are to be read within that context. It is important to note that underlying data has not changed