Economic regulation: Setting future price controls – review of approach

Overview

We are carrying out a review of our approach to setting price controls (including the lessons learnt from H7 and NR23) to inform our overall approach to future price controls. We will conduct this work in consultation with relevant stakeholders and seek independent input and comment to help ensure we adopt a robust and objective approach. CAP2618 sets out our initial views on the scope of this lessons learnt review and on the key issues we should consider for the next price control reviews for HAL and NERL. We welcome views from stakeholders on these issues.

Views invited

We welcome views on all the proposals included in this document.

We have decided to extend the deadline for responses to the consultation on the review of our approach (CAP 2618) to allow stakeholders to provide their views on all parts of the consultation, including the scope of the lessons learnt review, the key issues, the broader strategic issues and next steps. Responses to this consultation should be clearly labelled which area they are responding to and sent to economicregulation@caa.co.uk by 17:00 on 28 March 2024 (previously 20 March 2024 in the consultation document).

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We expect to publish the submissions we receive on our website as soon as practicable after the consultation period ends. Any material that is regarded as confidential should be clearly marked as such, with an explanation of why the information is confidential, and included in a separate annex. We have powers and duties with respect to the disclosure of information under Schedule 9 of the TA00, Section 59 of CAA12 and the Freedom of Information Act 2000 and it may be necessary to disclose information consistent with these requirements.

Any questions related to this decision document should be sent to Stewart Carter at stewart.carter@caa.co.uk.