Financial framework for price control period 7

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