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Title: Rail operators stripped of profit incentive ahead of renationalisation Post by: grahame on October 23, 2024, 15:59:50 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html)
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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs have ... Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: Electric train on October 23, 2024, 16:20:17 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs 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 Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: TaplowGreen on October 23, 2024, 16:59:57 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs 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 stand to make much of a margin on incentives for performance and/or customer satisfaction? Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: Electric train on October 24, 2024, 06:33:52 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs 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 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 Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: TaplowGreen on October 24, 2024, 09:25:50 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs 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 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? ;) Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: Electric train on October 24, 2024, 17:43:25 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs 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 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? ;) Title: Re: Rail operators stripped of profit incentive ahead of renationalisation Post by: a-driver on October 24, 2024, 20:57:08 From Proactive Investors (https://www.proactiveinvestors.co.uk/companies/news/1058966/rail-operators-stripped-of-profit-incentive-ahead-of-renationalisation-1058966.html) 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 rail operators to grow revenue take and passenger numbers. I have sometimes recently wondered what incentive the remaining private TOCs have ... Another ill thought through Labour idea. 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