ORR requires bottom-up calculation of performance targets

ORR letter (2 pages, PDF) notifying the industry of a supplementary note in its local output commitments criteria requiring Network Rail to base contractual performance commitments on a bottom-up projection of future performance improvements. This appears to confirm that the reason for the rejection of Silverlink's appeal against a performance commitment in December 2005 was that there was enough bottom-up analysis in the setting of that commitment, and not that a mainly top-down allocation of a national target is an acceptable approach by itself.

For further information or advice please contact Franck Latrémolière.

Filed under ORR, Public transport.

Reckon LLP is an economics consultancy with expertise in data analysis, economic regulation and competition law.

About Reckon