HS1 periodic review 2019 (PR19)
This page includes information about the 2019 periodic review (PR19) of HS1 Ltd and control period 3 (2020-25).
Our periodic review is the principal mechanism by which we regulate HS1 Limited and ensure that HS1 Limited is provided with incentives to reduce the cost of allowing access to its infrastructure and level of access charges. The Concession Agreement is agreed between the Secretary of State and HS1 Limited.
This first PR19 publication is our initial consultation for which we are seeking responses by 10 November 2017.
As the independent safety and economic regulator for Great Britain, ORR typically undertakes a periodic review of HS1 Ltd every five years. This determines what HS1 Ltd must achieve in the next five-year control period, the funding required, and the incentives needed to encourage delivery and good performance. The review also looks at how HS1 Ltd should work together with train operators, suppliers and others to reduce costs and deliver more for customers.
The aim of PR19 is:
- To ensure the long-term sustainability of the network; and
- To ensure that the network is more Efficient, Safer, Better used, Reliable and Available for the benefit of current and future passengers and freight customers.
Our initial consultation on PR19 seeks views on our proposed approach to the review, including our aim, our proposed high-level approach and how this might be implemented. We will publish our conclusions by the end of January 2018, confirming our high-level approach and setting out our next steps.
Timeline for PR19
The timeline for PR19, included in our initial consultation, has been revised from the concession agreement to allow more time during the consultation process for HS1 Limited to carry out the planning and development of the 5YAMS, and for ORR to carry out the evaluation of the 5YAMS and prepare the final determination. These timeline changes are endorsed by Secretary or State, agreed with HS1 Limited, and are expected to be published to be published in a revised Concession Agreement by Department for Transport in late 2017.
Our timeline for the initial consultation is as follows:
- We publish our initial consultation on 28 September 2017.
- We are seeking responses to the initial consultation by 10 November 2017.
We aim to publish our process approach document by the end of January 2018.