Economic regulation of Heathrow Airport Limited: Policy update and consultation

This consultation document deals with the following main issues:

> the responses we received to the April 2020 Update and our approach to protecting the interests of consumers;
> requirements for HAL’s revised business plan (“RBP”), which it is due to publish in the autumn of 2020;
> improving the efficiency incentives and capital expenditure governance arrangements for the H7 price control period; and
> further thoughts on our approach to assessing HAL’s financeability and setting the cost of capital for the H7 price control period.

HAL has paused its work on capacity expansion at Heathrow airport. We also address the regulatory treatment of expenditure incurred to date on expansion.

We welcome views on all the issues raised in this document and, in particular, the issues set out in the executive summary and those highlighted in chapters 1 to 4. The consultation will close on 18 August 2020.

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