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How does the PTC consider fare proposals from operators?

Updated by PTC
In considering any fare proposals, the PTC takes guidance from the prevailing fare review mechanism as well as its mandate to balance commuters' interest with the financial viability of the operators. Under the fare review mechanism, a formula is used to determine the fare adjustment that can be granted in a given year. The formula ensures that the public transport operators cannot simply pass on their cost increases to commuters by raising and charging fares based on what they think commuters can bear.

Topics:

Public Transport Fares

Related questions

If operators are making profits, why is there a need for fare adjustment?

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Shouldn't fare adjustment take into account service level?

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Why must public transport fares be reviewed every year? Wouldn't that mean commuters will see higher fares year to year?

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From other agencies

Who decides on fare adjustments and how are they decided?

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