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Launching reviews of the ports and postal sectors, and completing current market studies into alcohol promotions and freight, are among Jersey’s competition watchdog’s priorities for 2022.
The Jersey Competition and Regulatory Authority is responsible for applying Competition Law in Jersey as well as regulating the ports and postal sectors, alongside telecoms.
In 2021, the JCRA launched a series of Market Studies.
As well as launching a further series of studies, a key objective of the JCRA’s recently published 2022 Business Plan is to complete three of these studies into Alcohol Pricing and Promotions, Freight and Logistics and Telecoms Retail Pricing.
It is also planning to start “strategic reviews” of the ports and postal sectors to determine how best the JCRA can regulate these markets, and will also be working with Ofcom and local stakeholders to develop the process of allocating next generation 5G services.
The 2022 Business Plan sets out the JCRA’s projected expenditure of £1.6m and income of £1,626,500, consisting of:
Anticipated merger application fees - £50,000
Government Competition Law grant - £747,000 (£577,000 of base grant plus £170,000 of additional funding, which was requested from Government to help “support the Authority’s rolling programme of market studies, upholding Competition Law and advising on competition law changes”)
Ports of Jersey Licence fee - £70,000
Postal Licence fee - £72,500
Telecoms Licence fees - £687,000
JCRA CEO Tim Ringsdore commented: "Over the last year we have seen the continued importance of our work on regulation and competition in supporting Government policies and encouraging healthy and sustainable markets in goods and services for the benefit of Jersey businesses and consumers.
"We do this by promoting innovation, investment, value for money, choice, and quality. This is even more relevant as we manage the economic aftershocks of the pandemic. This Business Plan sets out our work plan for 2022 and is key to delivering our strategic goals and measuring our success."
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