CCW seeks minimum level of triangulation good practice under 2024 price review

CCW has made six recommendations for triangulation at PR24 based on analysis of how well triangulation was deployed at PR19 and how it could be improved.

In a review, it explored the barriers and enablers that helped determine how successful companies' approaches to triangulation at PR19 were, and has based recommendations for how a minimum level of good practice in this space could be achieved by the sector while still allowing companies to innovate beyond this.

The recommendations were:

• engagement should be an ongoing process;

• triangulation should make use of a wide range of inputs and these should not be solely engagement insight;

• balanced decisions should be at the core of triangulation;

• validation of findings should make use of a wide range of datasets;

• triangulation should be informed by a transparent and consistent weighting framework; and

• companies should seek independent assurance of their process and outcomes.