This section sets out our role in periodic reviews, including the current 2019 periodic review (PR19), and it also sets out our role in interim access charges reviews.
Under regulation of the The Railways Infrastructure (Access and Management) Regulations 2016, we have to ensure that High Speed 1 (HS1) Limited is provided with incentives to reduce the cost of allowing access to its infrastructure and level of access charges. We perform this function through periodic reviews in the manner set out in the concession agreement.
PR14, which was the first periodic review for HS1 Limited, covers the period from 1 April 2015 to 31 March 2020, control period 2 (CP2).
PR19, which is the second periodic review for HS1 Limited, covers the period from 1 April 2020 to 31 March 2025, control period 3 (CP3).
Access charges reviews
Under the terms of the concession agreement, interim access charges reviews may take place at any time outside the usual periodic review cycle.