Rail 2014 - Public Consultation
Annex A - Glossary
Association of Train Operating Companies (ATOC) | Industry organisation which represents the collective interests of the train companies which operate rail passenger services in GB |
Consumer Price Index (CPI) | Measures changes in the price level of consumer goods and services purchased by households |
Control Period | A set five-year period in which Network Rail has to deliver certain outputs |
Department for Transport (DfT) | The UK Government Department responsible for managing those rail franchises operating in England and Wales |
Fares basket | Selection of pricing options allowing operators the flexibility to vary fares within regulated limits |
First ScotRail | A subsidiary company of FirstGroup plc which currently operates as the ScotRail franchise |
Franchise Agreement | Contract between government and a train operating company for the delivery of rail passenger services |
Franchisee | The train operating company who provides passenger rail services in accordance with the current franchise agreement |
Freight Operating Company (FOC) | Companies responsible for the transportation of goods on the rail network |
Glasgow Subway | The underground railway owned and managed by Strathclyde Partnership for Transport. (Issues relating to the Glasgow Subway are not covered by this consultation). |
Gross Domestic Product (GDP) | The market value of all goods and services produced within a country |
High Level Output Specification (HLOS) | The strategic document which states what the Scottish Government requires Network Rail to deliver in a control period. |
Infrastructure Investment Plan (IIP) | Report which the Scottish Government's expenditure on infrastructure. |
Initial Industry Plan (IIP) | Document published by Network Rail and industry partners, representing industry's view on the next High Level Output Specification. |
Interchange stations | Train station serving more than one route, allowing passengers to change from one route to another |
National Passenger Survey (NPS) | Bi-annual survey of passenger views carried out across GB by Passenger Focus |
Network Rail (NR) | The owner and operator of the rail infrastructure in Great Britain |
Off-peak | The time of day which is not covered by the peak periods |
Office of Rail Regulation (ORR) | The economic and safety regulator for GB railways |
ORCATS (Operational Research Computerised Allocation of Tickets to Services) | A system designed to allocate ticket revenue when a ticket or journey involves trains operated by multiple TOCs. |
Outputs (Network Rail) | Network Rail performance achievements |
Passenger Focus (Rail Passengers' Council) | An executive non-departmental public body set up to protect the interests ofpassengers. It is sponsored by the Department for Transport |
Parent Company Guarantee | Guarantee to address financial risk |
Peak periods | Those times of the day when the majority of commuters use the rail system. There are different peak periods in different parts of Scotland |
Performance Bonds | Financial guarantee from the franchisee |
Performance Incentive Payments | A system of payments to encourage achievement |
Public performance measure | An assessment of the percentage of planned trains that are neither cancelled nor late |
Rail passenger service operators | Companies which provide train and station services, usually through franchises |
Regulated fares | Train fares for which Scottish Ministers set the rules on fare pricing |
Retail Price Index | A measure of inflation, published monthly, by the Office of National Statistics |
Rolling stock | The trains: both electric and diesel |
Rolling Stock Leasing Company (ROSCOs) | The companies that own the trains which are then leased by Train Operating Companies |
ScotRail | The brand name used for Scottish rail services operated by the ScotRail franchisee |
SMART ticketing | Integrated transport ticketing across modes and operators |
Specification (franchise) | How we set out what is required from the company running the franchise |
SQUIRE (Service Quality Inspection Regime) | A monitoring and audit process to determine the franchisee's performance in maintaining train and station facilities |
Track access charges | The levy placed upon train and freight operating companies to access specific routes on the GB rail network |
Traction electricity costs | Electricity used for powering trains |
Train Operating Company (TOC) | Companies which have a licence to run rail passenger trains |
Transport Scotland | The national transport agency of Scotland accountable to the Scottish Ministers |
Sustainable Rail Programme | Cross-industry group set up to tackle sustainable development issues |
Unregulated fares | Fares levied by the train operating company which are not regulated by government |