Consultation outcome

Financial framework for price control period 7

From:
Office of Rail and Road
Published
19 December 2022
Last updated
9 November 2023 — See all updates

Applies to England, Scotland and Wales

This consultation has concluded

Detail of outcome

On 31 October 2023 the Office of Rail and Road (ORR) published its periodic review 2023 of Network Rail final determination for control period 7 (CP7), including the updated financial framework policy position, which concludes this consultation.

Read the full outcome on ORR’s website.

Detail of feedback received

The Office of Rail and Road published responses to this consultation on 15 June 2023.

Original consultation

Summary

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

This consultation was held on another website.

This consultation ran from
to

Consultation description

The Office of Rail and Road (ORR) is consulting on the financial framework for the 5-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
Last updated 9 November 2023 + show all updates

  1. Final outcome published.

  2. Update on feedback.

  3. Public feedback section updated.

  4. First published.