Getting the regulatory framework right is an important part of promoting the development of e-commerce. It is vital that regulation is only imposed where it is justified and that it is appropriate to the level of competition in the market. Competitive markets, which have incentives to innovate and invest, are the best way of meeting consumer needs. It is particularly important not to stifle innovation in newly emerging markets, such as e-commerce. The case for any new regulation should be scrutinised very closely, and new regulation should only be introduced if it is absolutely necessary for the promotion of competition and for the protection of consumers, and if these aims cannot be achieved in any other way.
Competition is the key driver to obtain the best deal for the consumer.
A review of the competitiveness of the market for Internet access is due to be carried out during the period July to December 2000. The intention is that this analysis will be carried out on a regular basis. The UK's ISP market is extremely dynamic leading to considerable innovation and lower prices. Telewest, ntl, Freeserve, Altavista are just a few of the major ISPs who have already made announcements. BT have responded to these developments by announcing their own unmetered access product called SurfTime, to be launched on 1 June 2000.