GovWire

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Project timetable

Project opening

13 November 2024: The CMA has opened a project to consider how dynamic pricing is being used across different sectors of the economy. The CMAs intention to launch the project was announced earlier this year in a letter to the Business Secretary and the Culture Secretary.

The project will gather views from businesses in various industries including travel and leisure that are using pricing practices that may be considered dynamic pricing. It will also engage with a number of stakeholders such as consumer groups and other regulators to obtain their views. The project will consider:

• different scenarios where dynamic pricing strategies are being used

• commercial and consumer benefits of dynamic pricing strategies

• whether dynamic pricing strategies create challenges for consumers and competition

The project will publish an update setting out its findings. As set out in the letter to the Business Secretary and the Culture Secretary, this work will help to inform governments consideration of the issues raised by dynamic pricing, for example, as part of its upcoming call for evidence on price transparency in the live events sector. ?

The project is not a formal investigation under the CMAs competition or consumer enforcement powers nor is it a formal market study or market investigation. It is being carried out under the CMAs general review function, pursuant to section 5 of the Enterprise Act 2002.

This project is separate to the CMAs investigation into the sale of Oasis concert tickets by Ticketmaster. All updates for this investigation can be found on the Ticketmaster consumer protection case page.

Personal information

The CMA may collect, use and share personal data for this project under the Enterprise Act 2002. This includes processing personal data for the purposes of the General Data Protection Regulation and the Data Protection Act 2018.

For more information about how the CMA handles personal information, visit the CMAs?personal information charter.

Contact

dynamicpricingproject@cma.gov.uk

Directors

• Simon Jones
• Hannah Riches

Assistant Director

• Parul Shah

Senior Responsible Officers

• Hayley Fletcher
• Daniel Turnbull