To speak from the perspective of promoting competition, we tend to approach those kinds of issues in terms of whether they are having any effect on competition. It goes to the earlier point about recognizing that regulation is needed in some circumstances. How can we encourage as much competition as possible within it? We have a tool kit that we always recommend to regulators to consider whether regulations and rules are having an undue impact on competition. Is it favouring one supplier over others? Is it creating barriers to entry? Is it giving customers as much ability as possible to compare prices and what's being offered to them?
On May 9th, 2024. See this statement in context.