Why does competition matter in regulated sectors?
Competition is about increasing choice and efficiency to benefit consumers and make the economy more productive. This also applies to sectors which in many countries have been liberalised (such as electricity, water, railways and telecoms), which are subject to regulation (banking and other financial services) or where the government plays an important role (healthcare, education and local public services).
These sectors can raise complex policy challenges, for example:
- How to make sure that the behaviour of previous monopolist firms does not stifle competition in recently liberalised sectors?
- Is there a conflict between introducing competition and security of supply in the energy sector?
- What is the best way to ensure that consumers receive fair treatment when buying complex financial products – without limiting competition between providers?
- How should enforcers deal with digital markets as more and more consumers buy products and services online, listen to music and surf the Internet using mobile devices?
Recommendation on Competition Assessment
Recommendation on Structural Separation in Regulated Industries
List of all roundtable releases on Regulated Sectors