The Jersey Competition Regulatory Authority (JCRA) is launching a study of retail pricing is to be launched this month, noting that it aims to assess how prices in the Bailiwick’s telecoms markets compare internationally with other similar jurisdictions, including Guernsey and the Isle of Man. According to the JCRA, the new study will benchmark retail prices in the domestic telecoms market against comparator jurisdictions and will follow an established methodology – set by the Organisation for Economic Co-operation and Development (OECD) – to compare retail prices for key consumer services (as of the fourth quarter of 2021).
It is understood that the JCRA’s study will consider ‘different defined services’, specifically: fixed voice; mobile voice and data; mobile broadband (dongle-based mobile broadband); and bundled services, including ‘phone and broadband’ and ‘triple-play, phone, broadband and mobile’.
Commenting, Peter Hetherington, Senior Economic Case Officer at the JCRA, said: ‘Market studies are an important area of our work and can be used to promote a competitive environment. This study will help provide a better understanding of how prices in Jersey compare internationally, which is an indicator of how well the telecoms market is working for consumers … The study also has broader benefits. For example, telecommunication services are an element that can drive inflation. Therefore, understanding pricing better can help support the Government’s anti-inflation strategy.’
With market study scheduled to start this month, the JCRA has said its findings are expected to be published in the first quarter of 2022.