The island’s competition watchdog has delivered tens of millions of pounds in direct financial benefit to consumers and businesses in Jersey over the last five years, according to an independent economic assessment.
The findings of the assessment, conducted by Frontier Economics, place the Jersey Competition Regulatory Authority’s performance in line with its larger UK counterpart.
Between 2020 and 2025, the JCRA reviewed 51 mergers, undertook market studies, investigated potential breaches of competition law and carried out economic regulation of telecommunications, postal services and ports.
Critically, every pound invested in the JCRA returns multiples in benefit to Islanders and to the Jersey economy
JCRA chief executive Tim Ringsdore
Frontier found that these activities contributed to lower prices, improved consumer outcomes, greater transparency and choice, enhanced resilience of critical infrastructure, and support for investment and innovation.
The consultancy concluded that the JCRA’s competition and regulatory work generated between £22.7 million and £41.6 million in direct financial benefit to Jersey consumers and businesses between 2020 and 2025 – a return of between £5.60 and £10.20 for every £1 of relevant funding.
JCRA chief executive Tim Ringsdore said the report “provides independent confirmation of what effective regulation delivers: fairer prices, competitive markets and critical infrastructure that works”.
“Critically, every pound invested in the JCRA returns multiples in benefit to Islanders and to the Jersey economy,” he continued.
“We are a small team focused on removing barriers to business, making markets work for consumers and helping government to deliver its economic policies.”
He stated that the regulator prioritised its work “to ensure we are delivering value for money” and that the report was “indicative of the expertise and commitment of the team carrying out that work”.
