A whistleblower contacted the Jersey Competition Regulatory Authority last week after receiving two text messages from a competitor.
In one message, the competitor wrote: ‘Move price up. They need more than we can both supply. Supply and demand price should go right up. Agree joint price.’
The second message read: ‘We need to put both agencies at the same rate to stop all the ******* about.’
Chuck Webb, the executive director of the JCRA, refused to say who the two parties involved in the exchange were or in what sector of the economy they operated.
He said that the important thing was that the authority’s intervention had prevented any price-fixing taking place.