Network Rail regulation
Network Rail is the monopoly owner and operator of the railway network, including track, signalling, bridges, tunnels and stations.
We hold network rail to account for delivering what it promised – at the amount it agreed to do it for – and we require it to meet its obligation to provide a safe, high-performing, and efficient railway.
We do this by enforcing compliance with its licences and by conducting five-yearly reviews that set its funding and what it must achieve within the relevant control period.
This policy sets out how we will hold Network Rail (including routes, the System Operator (SO) and other relevant business units) to account against the network licence.
We monitor Network Rail's performance on a continuous basis - against: targets in the latest access charges review, obligations in its network licence and forecasts in its own business plan.
We hold Network Rail to account for delivering what it promised by enforcing compliance with its licences and by conducting five-yearly reviews that set its funding and what it must achieve within a control period.
Network Rail operates under a network licence. This licence contains a set of conditions under which Network Rail must operate.