Competition law saves millions

Monday 17th October 2011, 2:29PM BST.

OUR director John Curran. A COMPETITION law is saving housebuyers in Jersey £2m. a year and Guernsey’s regulator believes it could have a similar impact here.

The Office of Utility Regulation is pleased the funding for the competition law has been made available after deputies gave provisional approval for the service during the States Strategic Plan debate.

Jersey’s competition law had delivered real savings, it said.

OUR director general – and Jersey Competition Regulatory Authority executive director – John Curran (pictured) said the law would help regulators ensure consumers got the best value through fair and greater competition.

Read the full story in the Guernsey Press. Click here for subscription details. Individual editions are now available online.

To read Guernsey Press stories in full click here for subscription details. Individual editions are now available online.

View more: John Curran news, Office Of Utility Regulation news, OUR news.

1
RP

October 17, 2011 at 4:53 pm

I have interests in both Islands and if you think that the competition law will save you money, don’t you believe it! The bloated O.U.R., is already costing us all a small fortune in the amounts added by the utilities to cover their expenditure in dealing with the O.U.R. If you don’t believe me, just ask the Electricity Board.

The O.U.R does not publish the fat salaries received by its senior personnel – and it’s virtually impossible to get any meaningful breakdown of its accounts.

Heaven knows why the States seems to put so much faith in the O.U.R – a multi-headed gorgon which resides in a vast ivory tower! It needs to be killed off now before it regulates every public undertaking – what’s next in it’s sights after air travel, water?

Report abuse