Open consultation

Financial framework for price control period 7

From:
Office of Rail and Road
Published
19 December 2022

Applies to England, Scotland and Wales

Summary

Seeks views on approach to the financial framework for the infrastructure manager of the mainline railway, Network Rail.

This consultation is being held on another website.

This consultation closes at

Consultation description

The Office of Rail and Road (ORR) is consulting on the financial framework for the five year period starting 1 April 2024, or CP7.

CP7 covers the period from 1 April 2024 to 30 March 2029.

This consultation covers the following matters:

  1. Network Rail’s cost of capital and cost of debt
  2. setting and updating regulatory asset base balances for CP7
  3. our policy on rebates of unused funds to governments
  4. grant dilution provisions in access charges
  5. opener provisions process (to vary the terms of our regulatory determination)
  6. management of financial risk
  7. Governments’ budgetary processes
  8. the Performance innovation fund
Published 19 December 2022