Annual season pricing changes

[whole diary]

[tramway]

I can't find anything posted previously but feel free to point me in the right direction.

I was pleasantly surprised to discover I will have a 10% saving on this years annual renewal, Dec 2010/11, no indication AFAICT^▸ (as far as I can tell) anywhere that is obvious.

I could accept the 32% increase from the 2008/09 change (due to the previous 2007/08 performance) as we lost the annual adjustment factor, so last year should have been the standard figure.

So why is this years renewal 10% lower?

[SDS]

The basket fare increase is back.
I.e. your ticket may have gone down 10% but someone elses might have gone up 20% to make up for it. (or loads of 11's and 12's etc.)

I.e. supply and demand. Charge less on less used lines and more on more used lines.

[ChrisB]

Not quite right....

Dec10 -> Dec11 renewal works on last January's 'increase' which was actually a very small decrease, certainly not 10%

From which station is this? And can you confirm you are renewing like-for-like (annual to annual?) and what class is it?

The increase for 2011 comes in from January 2, and is based on RPI^▸ (Revenue Protection Inspector (or Retail Price Index, depending on the context))+1% = 5.8%, with, as SDS rightly says, an average which can take the fare from a rise of 0% (or I guess, there's nothing preventing a decrease) to 10.8% - although I understad that there's no increase over 10%

These fares will be loaded into the planners to be active on 5 December - so if you want an advance cheaper, get in before that date.