The Jersey Competition Regulatory Authority (JCRA) has published its final 2022 Business Plan outlining its key activities for the year ahead.
The JCRA plan was consulted on during November and the final plan incorporates comments received from stakeholders.
In 2021 the JCRA launched its Strategic Plan, setting out its mission and key objectives to help Jersey markets work effectively, and the Business Plan is designed to support the overarching plan.
Tim Ringsdore, CEO of the JCRA said, “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.”
In deciding what to include within the 2022 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 please see the JCRA’s Strategic Plan
The JCRA works with other on-Island and national regulators to deliver best-in-class competition and regulatory services including: the Guernsey Competition & Regulatory Authority (GCRA), the Office of Communications (Ofcom) and the Competition and Markets Authority (CMA).
The JCRA is responsible for applying Competition Law in Jersey as well as regulating the Port and Postal sector, alongside telecoms. In 2021 the JCRA launched a series of Market Studies. A key objective of the Business Plan for 2022 is to complete three of these studies into Alcohol Pricing and Promotions, Freight and Logistics and Telecoms Retail Pricing and a further series of studies are planned.
In addition, the JCRA will commence strategic reviews of the Ports and Postal sectors to determine how the JCRA can best continue to regulate these markets. The JCRA will also be working with Ofcom and local stakeholders to develop the process of allocating next generation 5G services.
