Single, return and Yes (for boardings within supplements offering finite Cash fares the Principal only) numbers of journeys for a given price, if offered Tickets offering unlimited Yes (for tickets purchased Daily tickets journeys within a day within the Principal only) Yes (for tickets purchased Tickets offering unlimited Weekly tickets within the Principal area journeys within a week only) All tickets available only to Child tickets No children and people Period tickets for longer All No than a week For operators who do not offer daily or weekly tickets but participate in the multi-operator ticketing scheme, the Executive shall use the latest price applicable to multi-operator daily and weekly tickets. For each of the first three ticket types, the operator is (without prejudice to its obligations to provide data specified elsewhere in the Arrangements) expected to provide the Executive with the following data on a quarterly basis: the total revenue obtained from sales of the ticket type, and in the case of cash fares, the number of journeys made by passengers using these tickets; in the case of tickets, the number of such tickets sold, the revenue from those sales, and the operator’s estimates of the journeys made using these tickets; in the case of weekly tickets, the number of such tickets sold, the revenue from sales, and the operator’s estimates of the journeys made using these tickets. This information will be used to estimate the average cash fare paid by commercial passengers for each journey, and the average price per ticket of daily and weekly tickets respectively. Calculation of the Discount Factor The four values derived will be input into a spreadsheet which draws on the data included in the DfT model or other local data if more applicable (“the Look-up table”) to populate the DfT Discount Factor calculation. The specific values in the Look-up table are locally derived from all smartcard concessionary journeys originating in the Principle Area over a representative time period.
Cash fares Single, return and supplements offering finite numbers of journeys for a given price, if offered Yes (for boardings within the Principal only) Daily tickets Tickets offering unlimited journeys within a day Yes (for tickets purchased within the Principal only) Weekly tickets Tickets offering unlimited journeys within a week Yes (for tickets purchased within the Principal area only) Child tickets All tickets available only to children and people No Period tickets for longer than a week All No For operators who do not offer daily or weekly tickets but participate in the multi-operator ticketing scheme, the Executive shall use the latest price applicable to multi-operator daily and weekly tickets. For each of the first three ticket types, the operator is (without prejudice to its obligations to provide data specified elsewhere in the Arrangements) expected to provide the Executive with the following data on a quarterly basis: the total revenue obtained from sales of the ticket type, and in the case of cash fares, the number of journeys made by passengers using these tickets; in the case of tickets, the number of such tickets sold, the revenue from those sales, and the operator’s estimates of the journeys made using these tickets; in the case of weekly tickets, the number of such tickets sold, the revenue from sales, and the operator’s estimates of the journeys made using these tickets. This information will be used to estimate the average cash fare paid by commercial passengers for each journey, and the average price per ticket of daily and weekly tickets respectively. Calculation of the Discount Factor The four values derived will be input into a spreadsheet which draws on the data included in the DfT model or other local data if more applicable (“the Look-up table”) to populate the DfT Discount Factor calculation. The specific values in the Look-up table are locally derived from all smartcard concessionary journeys originating in the Principle Area over a representative time period.
201617-encts-reimbursement.docx