This discussion paper sets out further detail on our approach to long-term delivery strategies at PR24, following our recent consultation, ‘Creating tomorrow together’, and subsequent engagement with the sector. It sets out our expectations for what companies should include in their long-term delivery strategies as part of the business plan submission for PR24. To help meaningfully integrate the strategies into the price review process, this paper proposes a series of common requirements for long-term delivery strategies. It then sets out a small number of common ‘reference scenarios’ to help develop and assess the strategies, and outlines our expectations for wider scenario planning to address future uncertainty. Click here to download the consultation