£25 Congestion Charge

Meeting: 
Plenary on 2006-12-06
Session date: 
December 6, 2006
Reference: 
2006/0423
Question By: 
Roger Evans
Organisation: 
GLA Conservatives
Asked Of: 
Peter Hendy (Commissioner, Transport for London)

Question

What assessment have you made of the likely financial impacts of the proposed new pricing structure of the congestion charge? Will it be revenue neutral, or will it lose revenue?

Answer

Answer for £25 Congestion Charge

Answer for £25 Congestion Charge

Answered By: 
Peter Hendy (Commissioner, Transport for London)

Peter Hendy (Commissioner, Transport for London)

TfL is currently undertaking detailed analysis of the likely impacts of the proposals for emissions-related congestion charges in preparation for public consultation. However, given that any reductions are to be aimed at the very greenest vehicles and any higher charges at the most harmful to the environment, we anticipate that most drivers would continue to pay the standard £8 daily charge. The result would be a relatively small impact on revenue.

Calculations of future scheme revenues must consider not only the impacts of any variations to the level of charge, but also the phasing out of the alternative fuel discount and the removal of the residents' discount for those with vehicles that emit over 225g/km of CO2.