Following careful review of the consultation responses, along with our continued engagement with stakeholders, we have developed the following approach document, which also sets out the process and timescales for our periodic review.
ORR approach to PR19
Published 31 January 2018
We received 7 responses to our initial consultation from stakeholders. We are grateful to all those who responded. The responses are redacted where appropriate.
Date published: 28 September 2017
Closing date: 10 November 2017
This initial consultation for the periodic review of HS1 Ltd in 2019 (PR19) set out our approach to the periodic review, the proposed timetable, and the key inputs required, and highlighted what ORR anticipated to be the key issues to focus on as the review progresses.
High Speed 1 (HS1) connects London St Pancras to the Channel Tunnel. International, domestic passenger and freight services currently operate on the network. HS1 Ltd is the company that holds a concession from the Secretary of State for Transport (SoS) to operate, maintain and renew the network. HS1 Ltd contracts out many of its functions to Network Rail (High Speed) Ltd (NR(HS)), whose parent company is Network Rail Infrastructure Ltd (NRIL).
Under the Railways (Access, Management and Licensing of Railway Undertakings) Regulations, ORR has to ensure that HS1 Ltd is provided with incentives to reduce the cost of allowing access to its infrastructure and the level of access charges. It performs this function through periodic reviews in a manner defined in the Concession Agreement, between HS1 Ltd and the SoS.
The periodic review of 2014 (PR14) was the first periodic review of HS1 Ltd and covered the current control period (CP2) which runs from 01 April 2015 to 31 March 2020. The periodic review of 2019 (PR19) will be the second periodic review and will cover control period 3 (CP3) which will run from 01 April 2020 to 31 March 2025.