Economic regulation of Heathrow Airport Limited: Response to its request for a covid-19 related RAB adjustment - Updated consultation

Overview

In October 2020, we published a consultation  document in response to the request made by Heathrow Airport Limited (HAL) in July 2020 for the CAA to change its approach to the calculation of HAL’s regulatory asset base (RAB) to take account of the impact of the covid-19 pandemic.

This update and consultation document provides our latest views on HAL’s request and our developing thinking on whether HAL’s price control framework should be changed in response to the circumstances created by the covid-19 pandemic. In particular the document sets out:

• our framework for identifying and assessing options for intervention;
• the assessment of options, including HAL’s proposal for a RAB adjustment, in the light of this framework and the views of HAL and airlines in response to the October 2020; and
• our next steps and timetable for dealing with these matters.

Consultation document and appendices

• Economic regulation of Heathrow Airport Limited: Response to its request for a covid-19 related RAB adjustment (CAP2098)
• Economic regulation of Heathrow Airport Limited: response to its request for a covid-19 related RAB adjustment – Appendices (CAP2098A)

Views invited

We welcome views on all the issues raised in this document and, in particular, the questions highlighted in teh summary.

Please e-mail responses to economicregulation@caa.co.uk 

We cannot commit to take into account representations received after the closing date.

We expect to publish the responses we receive on our website as soon as practicable after the period for representations expires. Any material that is regarded as confidential should be clearly marked as such and included in a separate annex. Please note that we have powers and duties with respect to information under section 59 of the Civil Aviation Act 2012 and the Freedom of Information Act 2000.