Economic regulation

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.

GB rail industry financial information 2012-13 presents ORR's analysis of the latest financial data from train operators, Network Rail and governments. Key findings include: Passenger income was £7.7bn in 2012-13, a real terms increase of 3.6% from 2011-12. This is partly attributable to a 2.9% increase in the number of passenger journeys. Passenger income represents ticket income from passenger

Here you can view the objectives and criteria which we will use to evaluate the success of the periodic review 2013 (PR13), the multi-billion pound plan for improving Britain's railways between 2014 and 2019.

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

The rail Value for Money (VfM) study commissioned a number of consultants' reports to inform its thinking. This page provides links to copies of these reports. While these reports were commissioned by the Department for Transport (DfT) and the Office of Rail Regulation (ORR), the findings and recommendations are those of the authors and do not necessarily represent the views of the DfT and the ORR