In this document, we set out:
- the context for the H8 review and the wider developments influencing these initial proposals;
- how the initial proposals aim to deliver for consumers and incentivise efficiency;
- the proposed approach to the main price control building blocks and the resulting level of airport charges; and
- an overview of the statutory framework and next steps in the H8 process.
Published documents
As part of our H8 initial proposals we have published:
- The summary document
-
Sections
-
Appendices
-
Supporting documents
- EE-YA H8 opex and commercial revenues report for IPs
- H8 opex and comrev model user guide for IPs
- H8 opex and comrev model for IPs
- Steer H8 capex assessment for IPs
- Steer H8 Consumer Research Review
- Steer H8 Traffic Review for IPs - data file
- Steer H8 Traffic Review for IPs - model extract
- Steer H8 Traffic Review for IPs
- FTI Report - H8 Cost of Capital
- H8 – WACC Calculator – March 2026 (redacted)
- H8 – Cost of Debt Calculator – March 2026 (redacted)
- H8 Cost of Equity Calculator – March 2026 (redacted)
- Price Control Model
- Status:
- Current
- Review comment:
- -
- Version:
- 1
- Version date:
- 31-Mar-2026
- View file:
-
- CAP3232 Economic Regulation Of Heathrow Airport H8 Initial Proposals – Summary (587.0kB PDF)
- CAP3232A H8 Initial Proposals Section 1 Consumer Engagement, Passenger Forecasts And Service Quality (928.2kB PDF)
- CAP3232B H8 Initial Proposals Section 2 Building Blocks And Incentives (1.8MB PDF)
- CAP3232C H8 Initial Proposals Section 3 Financial Issues And Calculating The Price Cap (1.7MB PDF)
- CAP3232D H8 Ips Appendices A Statutory Duties And B Glossary (384.6kB PDF)
- CAP3232E H8 Ips Appendices C D (1.0MB PDF)
- CAP3232F H8 Ips Appendices E L (1.7MB PDF)
- EE YA H8 Opex And Commercial Revenues Report For Ips REDACTED (4.3MB PDF)
- H8 Opex And Comrev Model User Guide For Ips (923.0kB PDF)
- H8 Opex And Comrev Model For Ips (1.4MB XLSX)
- Steer H8 Capex Assessment For Ips (4.7MB PDF)
- Steer H8 Consumer Research Review (1.6MB PDF)
- Steer H8 Traffic Review For Ips Data File (1.5MB XLSX)
- Steer H8 Traffic Review For Ips Model Extract (1.3MB XLSX)
- FTI Report H8 Cost Of Capital Final (3.5MB PDF)
- H8 WACC Calculator March 2026 (Redacted) (195.8kB XLSX)
- H8 Cost Of Debt Calculator March 2026 (Redacted) (2.3MB XLSX)
- H8 Cost Of Equity Calculator March 2026 (Redacted) (6.4MB XLSX)
- Price Control Model For Publishing With Ips (24.5MB XLSM)
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