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Great Western Coffee Shop > All across the Great Western territory > The Wider Picture in the United Kingdom > Rail operators stripped of profit incentive ahead of renationalisation
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Author Topic: Rail operators stripped of profit incentive ahead of renationalisation  (Read 1867 times)
grahame
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« on: October 23, 2024, 15:59:50 »
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.

I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...
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Coffee Shop Admin, Chair of Melksham Rail User Group, TravelWatch SouthWest Board Member
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« Reply #1 on: October 23, 2024, 16:20:17 »
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.

I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

The agreed contract which will include profit, also there will be incentives of performance, customer satisfaction it may include an element of revenue protection; I suspect the previous Governments scheme was a bit of botch 
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Starship just experienced what we call a rapid unscheduled disassembly, or a RUD, during ascent,”
TaplowGreen
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« Reply #2 on: October 23, 2024, 16:59:57 »
Quote from: Electric train on October 23, 2024, 16:20:17
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.

I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

The agreed contract which will include profit, also there will be incentives of performance, customer satisfaction it may include an element of revenue protection; I suspect the previous Governments scheme was a bit of botch 

I  can't imagine GWR▸ (Great Western Railway) stand to make much of a margin on incentives for performance and/or customer satisfaction?
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Electric train
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Posts: 4498


The future is 25000 Volts AC 750V DC has its place


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« Reply #3 on: October 24, 2024, 06:33:52 »
Quote from: TaplowGreen on October 23, 2024, 16:59:57
Quote from: Electric train on October 23, 2024, 16:20:17
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.



I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

The agreed contract which will include profit, also there will be incentives of performance, customer satisfaction it may include an element of revenue protection; I suspect the previous Governments scheme was a bit of botch 

I  can't imagine GWR▸ (Great Western Railway) stand to make much of a margin on incentives for performance and/or customer satisfaction?



Hence why those incentive metrics should be there, to pay for the canopies and bubbly at the share holders meeting
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Starship just experienced what we call a rapid unscheduled disassembly, or a RUD, during ascent,”
TaplowGreen
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« Reply #4 on: October 24, 2024, 09:25:50 »
Quote from: Electric train on October 24, 2024, 06:33:52
Quote from: TaplowGreen on October 23, 2024, 16:59:57
Quote from: Electric train on October 23, 2024, 16:20:17
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.



I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

The agreed contract which will include profit, also there will be incentives of performance, customer satisfaction it may include an element of revenue protection; I suspect the previous Governments scheme was a bit of botch 

I  can't imagine GWR▸ (Great Western Railway) stand to make much of a margin on incentives for performance and/or customer satisfaction?



Hence why those incentive metrics should be there, to pay for the canopies and bubbly at the share holders meeting

Canopies? That'd be a Network Rail job wouldn't it?  Wink
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Electric train
Transport Scholar
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Posts: 4498


The future is 25000 Volts AC 750V DC has its place


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« Reply #5 on: October 24, 2024, 17:43:25 »
Quote from: TaplowGreen on October 24, 2024, 09:25:50
Quote from: Electric train on October 24, 2024, 06:33:52
Quote from: TaplowGreen on October 23, 2024, 16:59:57
Quote from: Electric train on October 23, 2024, 16:20:17
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.



I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

The agreed contract which will include profit, also there will be incentives of performance, customer satisfaction it may include an element of revenue protection; I suspect the previous Governments scheme was a bit of botch 

I  can't imagine GWR▸ (Great Western Railway) stand to make much of a margin on incentives for performance and/or customer satisfaction?



Hence why those incentive metrics should be there, to pay for the canopies and bubbly at the share holders meeting

Canopies? That'd be a Network Rail job wouldn't it?  Wink
They have it covered  Grin
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Starship just experienced what we call a rapid unscheduled disassembly, or a RUD, during ascent,”
a-driver
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« Reply #6 on: October 24, 2024, 20:57:08 »
Quote from: grahame on October 23, 2024, 15:59:50
From Proactive Investors

Quote
Rail operators stripped of profit incentive ahead of renationalisation

The Department for Transport is getting rid of an incentive scheme that allows non-publicly owned rail companies to make additional profits

According to the Financial Times, this will involve scrapping the ‘revenue outturn mechanism’ that was introduced into national rail contracts (NRCs) by the former Tory government less than a year ago.

These contracts were intended to encourage UK▸ (United Kingdom) rail operators to grow revenue take and passenger numbers.

I have sometimes recently wondered what incentive the remaining private TOCs▸ (Train Operating Company) have ...

Another ill thought through Labour idea. 
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