In our decision to approve the 2010 undertaking, we noted that aspects of the undertaking did not necessarily reflect the approach it may have adopted. However, given the negotiated nature of the undertaking, we presumed that it was in the interests of both DBCT Management and existing access holders.
The QCA's investigation therefore focused on the key aspects of the 2010 undertaking that were relevant to the public interest and on the interests of access seekers that were not subject to the negotiations prior to the submission of the 2010 undertaking. We approved the undertaking after having been satisfied it met the requirements of the relevant assessment criteria.
Amongst other things, the 2010 DBCT undertaking sets the annual revenue requirement (ARR) for the terminal as at 1 January 2011.