Consultation outcome: Financial framework for price control period 7

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Office Of Rail Road

November 9

15:03 2023

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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 ORRs website.

Detail of feedback received

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

Original consultation

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:

Network Rails cost of capital and cost of debt
setting and updating regulatory asset base balances for CP7
our policy on rebates of unused funds to governments
grant dilution provisions in access charges
opener provisions process (to vary the terms of our regulatory determination)
management of financial risk
governments budgetary processes
the performance innovation fund

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