RA To Publish A Price Comparison Website
The Regulatory Authority of Bermuda [RA] plans to publish a new website where consumers can compare the cost of internet and other electronic services offered by local carriers including bundled packages. The proposed comparison website will be called TeleCheck.bm.
The RA is seeking consumer feedback to comment on if the new website would be in the best interest of the public. The RA’s Consumer and Carrier Relations Officer, Nakia Smith, said, “We are hoping that by October, the site will be ready for carriers to test and upload its tariffs. The final version of the website will be available to consumers in November in time for the Christmas season when most purchases are made.”
“This new website will be capable of making price comparisons of multiple products. It will include mobile services, landline services, Internet, broadband, digital TV, bundles, international long distance, etc. It will also allow Consumers to create their own packages, review offers and choose the service that gives the best overall value,”
“Consumers are then given the opportunity to go directly to the carrier’s website to take advantage of a displayed offer. The website will be similar to sites that cover other multi-featured products such as the travel sites expedia.com or hotels.com.
“It’s will offer the Bermuda consumer greater transparency; easier understanding of offers available in the market and make them available all in one place,” added Ms Smith.
“TeleCheck is one of many methods being used by the RAB to help increase competition in Bermuda. Carriers will be able to use the tool to model new tariffs and allow them to vie with each other in areas other than price, such as customer service and store locations, hopefully inspiring new offerings and innovative products for the Consumer.”
A spokesperson said, “The public is encouraged to participate and submit comments on the proposed decision of the Price Comparison Website Consultation. Interested members of the public should go to the RA’s website and follow the Consultations and Responses link. There, they will find the full version of the consultation where comments can be submitted via email or regular mail to the address below.
“Alternatively, for those who would like to make a simpler response; a modified version of the consultation can be submitted as well by completing an online survey found here or on the RA’s website, Facebook and LinkedIn page.”
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Strange that a proposed site url would be named before it’s even active, but heck. I like the idea of such a website,… it would probably spur a few additional sales on existing products.
great idea. worked wonders in other places.
Government should not be involved. May create a monopoly and lead to higher price in the long run.
When is the government going to start getting smaller?
Why stop there …. Let’s do one for the supermarket s…..
And gas stations.
I’m looking forward to this…
Great idea?
Why did Philip Micallef leave.
Anyone out there?
Good. The prices here compared to overseas providers are shocking. Yes, there are different costs associated with doing business here but I cannot believe that prices cannot fall and still show a significant profit margin.
Couldn’t agree more. The website should also show what consumers are paying abroad as well.I am interested to see what CableVision’s 50/100MB will cost if 25MB is over $200 monthly.. I guess 100MB is worth $500 a month by their logic.Ridiculous. We have enough internet providers, but only 2 provide access (CV & BTC). Things won’t change until more access providers enter the arena.
This should also expand to include all goods and services