Comment by Nextgrid

Comment by Nextgrid 11 hours ago

0 replies

Thanks.

Looking at that document, this regulation is dead on arrival. Enforcement is contingent on the aggregator noticing the price discrepancy, giving the seller many opportunities to rectify the situation without a penalty (if we assume every step gives them 30 days to respond, we're looking at ~5 months before a financial penalty becomes possible), and even then, the regulatory "may" impose a financial penalty, meaning it isn't even guaranteed.

You know what would immediately resolve this problem and prevent non-compliance? A reporting system where any citizen can submit evidence of a price discrepancy and upon validation gets a 1k payout from the government who then recovers it via a fine. This would make it sustainable for anyone to act as an "auditor" or even do this as a business.

Of course, the reason it isn't done this way is because it would be too effective, where as this current iteration gives the appearance that something is being done while having no impact in practice.