Economic regulation

Condition 17 of Network Rail's network licence safeguards against the inappropriate disposal of land assets.

This page includes information about the 2024 periodic review of HS1 Ltd (PR24) and will be updated as the review progresses.

This page presents our cost benchmarking analysis of Network Rail's costs. It covers the analysis we undertook in different periodic reviews as well as reports we produced as part of our regular monitoring of Network Rail’s cost performance.

Our efficiency and finance assessment of Network Rail for 2024 relates to the fifth year of control period 6 (CP6). It also looks back at CP6 as a whole, which ran from 1 April 2019 to 31 March 2024.

How we hold Network Rail to account against the network licence.

One of our core activities is to benchmark National Highways' performance and efficiency across its own regional areas or against comparable organisations.

It is important that land in which Network Rail has an interest and which may be important to the continuing operation and future development of the network, and services relating to railways, is not disposed of against the public interest. Condition 17 of Network Rail's network licence safeguards against the inappropriate disposal of land assets.