The Office of Rail and Road (ORR) has published various documents in relation to the 2013 Periodic Review – here are our responses
The ORR’s documents on PR13 can be downloaded from the ORR website.
ORR sets the access charging objectives and framework and leads on the development of new access charges.
Control Period 5 implementation
In finalising the periodic review process and to implement its determinations, the ORR will make both contractual and licence changes.
As part of the periodic review, ORR sets our financial framework for the forthcoming control period. The financial framework includes risk and uncertainty, cost of capital issues and RAB related issues.
As part of the Periodic Review, ORR sets our incentives framework for the forthcoming control period.
Incentive frameworks include efficiency sharing mechanisms, the volume incentive, contractual incentives (such as the possessions and performance regime) and financial framework incentives amongst others.
Schedules 4 and 8
The ORR is seeking industry views on Schedules 4 and 8, which set out compensation arrangements for the financial impact of planned and unplanned rail service disruptions attributable to Network Rail or other train operators.
On 13 December 2012, we held a workshop on Schedule 8 payment rates. Workshop slides (PDF, December 2012)