The Jersey Competition Regulatory Authority (JCRA) has published its final 2023 Business Plan, which outlines its key activities and objectives for the next 12 months.
The Business Plan was consulted on during November and the final plan incorporates responses from stakeholders.
The annual Business Plan will support the JCRA’s overarching Strategic Plan, to help Jersey markets work effectively.
In deciding what to include within the 2023 Business Plan the JCRA considers two factors:
- The JCRA’s Prioritisation Principles
- The JCRA’s assessment of three operational factors – Local Government and economic drivers; Global drivers; and technological drivers (for more information click here to see the JCRA’s Strategic Plan)
Tim Ringsdore (pictured), CEO of the JCRA said: “Our objective is to promote healthy and sustainable markets for all goods and services for Jersey. Effective competition and regulatory policy provide a necessary framework for all economic activity. This Business Plan sets out our work plan for 2023 and is key to delivering our strategic goals.”
The JCRA is responsible for applying Competition Law in Jersey as well as regulating the Port and Postal sector, alongside Telecoms. As part of its Strategy, the JCRA has launched a series of Market Studies. In 2022, the Authority completed three studies into Alcohol Pricing and Promotions, Freight Logistics and Telecoms Retail Pricing. In 2023 further studies will be completed into Groceries and School Uniforms.
In addition, the JCRA has started a strategic review of Jersey’s Postal sector and the regulation of Ports. The JCRA also plans to complete the process for awarding 5G spectrum licences in 2023, working with UK regulator Ofcom, local stakeholders, and operators to ensure Islanders will have timely access to next generation mobile services.
