Stansted Price Control Options Published

A consultation on the framework and options for price regulation of Stansted airport is to be published today.

This document, conducted by the Civil Aviation Authority (CAA), well set five year price caps on the airport's charges from April 1st 2009.

The review follows the secretary of state's decision that the airport should remain designated for price control purposes.

Dr Harry Bush, the CAA's group director of economic regulation, said today (January 25th): "We fully accept the secretary of state's decision that Stansted airport should continue to be price-regulated.

"Our job is now to develop proposals that are proportionate, taking into account the market power held by Stansted airport; do not prejudice the commercial position of other, competing airports; and encourage the efficient investment in capacity that passengers in the market want."

Mr Bush added that the review represented the "first step" in determining an appropriate framework and price cap proposals for Stansted.

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