It has been announced that fares across the Transport for London network will rise on average by 1% from 2 January 2016. In real terms this is considered to be a fares freeze as this is the level at which the Retail Price Index was in July. Although the overall average is 1% fares many fares on London Tramlink and the Docklands Light Railway will not actually rise this high.
On Tramlink (and also on London Buses) the adult pay as you go (Oyster) single fare is frozen at £1.50 with the One Day bus and tram cap increasing by 10p to £4.50. Meanwhile the tram cash fare increases by 10p to £2.60 in an attempt to further decrease the use of this payment method (only 0.5% of tram journeys use the cash fare). Another fare freeze is seen on the one day Bus and Tram ticket which remains at £5.00 whilst the 7 day season ticket is up to £21.20 from £21.00.
For the Docklands Light Railway pay as you go single fares are frozen except for those within zone 1 only and zone 1-2 off-peak fares which increase from £2.30 to £2.40. These fare changes also apply to Underground and other rail services.
Also on the DLR Stratford, Stratford High Street, Stratford International, West Ham, Canning Town, Star Lane and Abbey Road will all be rezoned from zone 3 to boundary zone 2/3. Approximately 105,000 per week will benefit from these changes and this will result in £8 million in lost revenue per year.
Boris Johnson MP, Mayor of London, said: “I’m delighted that we’re able to yet again freeze overall fares in real terms for our passengers. It’s the third year in a row that we’ve been able to offer this great deal, allowing us to keep the cost of travel down while continuing our vital programme to modernise the network.”