Guernsey

Guernsey States agrees changes to regulation

Substantial changes to how utility regulation is carried out in Guernsey have been agreed by the States.

Commenting on an independent review of the role of regulation, the Commerce and Employment Department said the current arrangement caused confusion.

The changes will give the States the final say on increasing competition in the island's postal market.

The role of the Office of Utility Regulation will also be more clearly defined.

The organisation, which oversees the island's postal, telecoms and electricity markets, has been directed to set out the processes, objectives and measures for success in regulation for each of the States-owned utilities.

It has also been asked to produce a three-year business plan.

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