Guernsey Post hopeful of saving £90k by reduced price regulation

SCRAPPING postal price regulation could contribute to saving £90,000 in licence fees for Guernsey Post.

The utility currently pays £180,000 a year for its licence from the Channel Islands Competition and Regulatory Authorities. But this could be halved under Cicra recommendations for reduced regulation.

Cicra chief executive Andrew Riseley said cutting supervision would decrease internal costs for Guernsey Post.

'We are extremely keen to hear how people think the postal industry should be regulated,' he said.

• Details of the consultation can be viewed at www.cicra.gg/post/index.aspx. Anyone wanting to comment on the recommendations can write to Cicra, Suites B1 and B2, Hirzel Court, St Peter Port, Guernsey GY1 2NH. All comments should be marked ‘Future Regulation of Postal Sector – Consultation’ and should be sent to reach the office by Friday 29 March.