The periodic review 2024 (PR24) of HS1 Ltd covers funding for the period from 1 April 2025 to 31 March 2030, also known as control period 4 (CP4).
Final determination
On 6 January 2025 we published our final determination, which includes total operating, maintenance and renewals charges for train services using the HS1 network from 1 April 2025 – 31 March 2030.
This is our third periodic review for the HS1 route infrastructure and our first review of the four HS1 stations. We received 12 responses to our consultation on the draft determination.
- Periodic review of HS1 Ltd 2024: final determination
- responses to our consultation on the draft determination
Consultation on matters to be determined
On 12 December 2024 we wrote to interested parties in accordance with specific implementation requirements before we could finalise our PR24 decisions. We also published correspondence we have received from interested parties since the conclusion of the consultation on our draft determination.
On 6 January 2025 we published responses on matters to be determined.
Draft determination
We published our draft determination on 30 September 2024.
- Consultation on the draft determination for PR24
- Periodic review of HS1 Ltd 2024: draft determination
- supporting annexes
- executive summary from DAC Beachcroft's report on the contractual basis for cost allocation between passenger operators on HS1 Ltd
- revised Passenger Access Terms
- revised Freight Access Terms
- revised passenger framework agreements
Our approach to PR24
On 31 January 2023 we published our approach to PR24. This document sets out the approach we intend to take to the 2024 periodic review of HS1 Ltd. We also published a compilation of the responses received to our initial consultation.