Economic regulation

The Office of Rail and Road (ORR) will allow the infrastructure manager of Phase One of High Speed 2 (HS2 Phase One) to levy an Investment Recovery Charge (IRC) on future rail users of the network, the regulator has announced today. The amount and nature of the charge will be subject to future assessment.

The Office of Rail and Road’s (ORR) annual assessment of HS1 Ltd highlights concerns over how the company is managing its asset renewals.

The Office of Rail and Road (ORR) has today published four key documents dealing with future regulation of the GB rail network.

The Office of Rail and Road’s (ORR) annual assessment of Network Rail finds the company has continued to deliver its planned efficiencies in 2021/22 but warns it must carefully manage its financial risks, particularly in the context of rising inflation.

The Office of Rail and Road’s (ORR) annual assessment of Network Rail Scotland (April 2021 to March 2022) shows it has been a challenging year for the region with missed efficiency targets and mixed train service performance.