Network Rail Benchmark definition

Network Rail Benchmark or "NRB" means the Network Rail Benchmark in Minutes Delay per 100 Train Operator Miles in relation to each Period, as specified in Appendix 8A;

Network Rail Benchmark. The Network Rail Benchmark (NRB) in relation to a Charging Period shall be 7.82 Minutes Delay per 100 Train Operator Miles;

Network Rail Benchmark or “NRB” means, in relation to each Charging Period within the relevant Financial Year, the Network Rail Benchmark in Minutes Delay per 100 Train Operator Miles specified in Appendix 1;

Examples of Network Rail Benchmark in a sentence

• The Network Rail Benchmark is based on Network Rail’s regulatory performance trajectory, as determined in ORR’s PR18 final determination.

• The Service Group Period SPP is calculated as follows:SPP SG, Period = NR BM SG * NRPR SG * Busyness Factor * Threshold SPPWhere:NR BM SG = Network Rail Benchmark for the Service Group in a year NRPR SG = Network Rail Payment Rate for the Service Group in a yearBusyness Factor = A parameter to convert daily NR Payment Rates to a periodic figure.

• As there is no regulatory performance target for Network Rail in respect of charter services the Network Rail Benchmark in the model charter contract is based on average past performance over the 5-year recalibration period.

• We welcome the proposed clarification from ORR that Relevant Losses for the purpose of providing compensation for sustained poor performance should be measured against the Network Rail Benchmark rather than perfect performance.

More Definitions of Network Rail Benchmark

Network Rail Benchmark means the Network Rail Benchmark Delay Minutes benchmark in relation to each Charging Period, calculated in accordance with Appendix 1;“Network Rail Benchmark Per Train” means the Network Rail Benchmark Per Train specified in Appendix 1;

Network Rail Benchmark means any of the performance levels in respect of Minutes Delay attributable to Network Rail set out in the Network Rail Benchmark Table;