Annexure II - AERA

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NERA Economic Consul!inS1 In other countries, the regulatory framework employed to regulate airports is based on an ex ante regulation. When ex ante regulation applies, the scope of the regulatory till ranges from a single till regime to a dual till regime, with also a number of intermediate solutions (hybrid till regime). The following table provides an overview of regulatory approaches implemented in selected countries. The table gives evidence that the regulatory approaches that enforce ICAO principles may comprise ex post regulation as well as ex ante regulation. In this latter case, the scope of the regulatory till may include contributions of all or some non-aeronautical activities performed by airport (single till approach), or may include only a percentage of contributions of nonaeronautical activities (hybrid till approach). A brief description of the regulatory approaches implemented in each selected country is provided in Appendix B. Annexure II-B CP No. 9/2013-14/T-12023(14)/1/2012- Tariff- Vol - III Annexure II-B Page 24 of 51 7
I I J I NERA Table 4.1 Regulatory Approaches in Selected Countries Country Airport Regulatory Till Australia Adelaide , Brisbane, Melbourne, Perth, Sydney Ex post regulation Belgium Brussels Single till (moving towards dual till) * Denmark Copenhagen Hybrid till France Charles de Gaulle, Orly Single till ** Germany Frankfurt, Hamburg Dual till Germany Berlin, Cologne-Bonn, Dusseldorf, Hannover, Munich, Stuttgart Single till Greece Athens Dual till Hungary Budapest, Ferihegy Dual till Ireland Dublin Single till *** Italy Rome, Milan, Venice Dual till Italy Other airports Hybrid till Malta Malta International Dual till New Zealand Auckland, Christchurch, Wellington Ex post regulation The Netherlands Amsterdam Dual till Portugal ANA airports Single till South Africa ACSA airports Single till Spain AENA airports Administrated tariffs Sweden Stockholm-Arlanda, Malmo Single till United Kingdom Heathrow, Gatwick, Stansted Single till **** * No-airport-related real estate activities are excluded from the regulatory tiIJ *-* Activltles such as retail, advertising, no airport-related real estate, ground handling and activities carried out by subsidiaries are excluded from the regulatory till *.** Activities with non nexus to the airport (AerRianta International, Cork and Shannon airports, International investments, property related tojoint ventures) are excluded from the reguletoty til! ****Some retail activities and real estate pertaining hoteis are excluded from the regulatory till Source: NERA anaiysis The fact that each State, though having ratified the Chicago Convention, has decided to adopt different regulatory regimes confirms the absence of international obligation to preclude or encourage the single till approach rather than the dual till approach, or the hybrid approach. Annexure II-B CP No. 9/2013-14/T-12023(14)/1/2012- Tariff- Vol - III Annexure II-B Page 25 of 51 8
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Annexure II - AERA

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