Price controls

This page sets out all our PR18 publications, including consultations, notices and reports.

Periodic reviews are one of the principal mechanisms by which ORR holds Network Rail to account, and secures value for money for users and funders of the railway.

This section includes information about the 2018 periodic review 2018 (PR18) of Network Rail's outputs and funding for control period 6 (2019-24).

The route level efficiency benefit sharing (REBS) mechanism was designed to encourage Network Rail and train operators (passenger and freight) to work together and allow both to share in Network Rail's efficiency gains or losses on an annual basis.

This page sets out details of our document periodic review 2013: setting the financial and incentive framework for Network Rail in CP5, which we published on 1 May 2012. In 2011, we published the following consultations which covered issues relating to the financial and incentive framework for control period 5 ( CP5 ): our first consultation on PR13, 25 May 2011; consultation on the potential for

Our long-term regulatory statement – 'Opportunities and Challenges for the Railway' – discusses how our regulation may develop in line with the changing shape of the industry, and identifies priorities for the growth and sustainability of Britain's railways. Railways have been a major success story for the past decade. Passenger demand is at the highest ever and freight numbers are growing. This

The initial industry plans On September 2011, Network Rail with its industry partners published two ' initial industry plans' (IIPs) – one for England & Wales and one for Scotland. These set out the industry's strategies in England & Wales and Scotland for the long-term, with a focus on what could be delivered in the next control period (CP5). Our analysis of the IIPs was a key component of our