Economic regulation of Heathrow Airport Limited: H7 Initial Proposals Working paper on outcome based regulation, November 2021

Overview

This working paper follows on from the October 2021 Initial Proposals consultation and provides further details of the CAA’s proposed approach to implementing outcome based regulation (OBR) in the H7 price control for Heathrow Airport Limited (HAL). It sets out the CAA’s Initial Proposals on targets, rebates and bonuses and summarises the key proposed changes to HAL’s licence.

Views invited

We welcome views on all the issues raised in this working paper which should be considered alongside:

• the October 2021 Initial Proposals;
• CAP2274A – OBR Targets Assessment; and
• CAP2275 – Economic regulation of Heathrow Airport Limited: H7 Initial Proposals – Draft Licence Modifications

Please e-mail responses to economicregulation@caa.co.uk by no later than 12 noon on Tuesday 18 January 2022.

We expect to publish the representations on our website for other interested parties to read after the period for written representations expires. Any material that is regarded as confidential should be clearly marked as such and provided in a separate appendix. Please note that we have powers and duties with respect to information under Section 102 of the Act and the Freedom of Information Act 2000.