UK Office of Rail of Road,PR23 charges and incentives

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PR23 Charges and Incentives

The Office of Rail and Road (ORR) has published a consultation on the proposed charges and incentives for the next price review period (PR23), which will run from 2024 to 2029.

The consultation sets out the ORR’s proposals for how it will regulate the rail industry over the next five years. It includes proposals for:

  • Track access charges: The charges that train operators pay to Network Rail for access to the track.
  • Station access charges: The charges that train operators pay to station operators for access to stations.
  • Incentives: Payments that the ORR can make to train operators to encourage them to improve their performance.

The ORR has also proposed a number of changes to the way that it regulates the rail industry. These include:

  • A new performance regime: The ORR is proposing a new performance regime that will focus on rewarding train operators for delivering a reliable and affordable service.
  • A new approach to funding: The ORR is proposing a new approach to funding the rail industry that will give train operators more flexibility to invest in their services.

The ORR is seeking views on its proposals from a wide range of stakeholders, including train operators, Network Rail, station operators, and passenger groups. The consultation will close on 17th January 2023.

The ORR’s final decision on PR23 charges and incentives will be published in spring 2023.

Key Points:

  • The ORR has published a consultation on the proposed charges and incentives for PR23.
  • The consultation includes proposals for changes to track access charges, station access charges, and incentives.
  • The ORR is also proposing a number of changes to the way that it regulates the rail industry.
  • The consultation will close on 17th January 2023.
  • The ORR’s final decision on PR23 charges and incentives will be published in spring 2023.

PR23 charges and incentives

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