Based on a recent report on competition within the broadband market, Ofcom has proposed new plans to reduce the cost of broadband supplier migration for customers.

The wholesale cost reduction is expected to reduce the overall amount by 80 percent, while reducing the minimum contract length from a year to one month.

Ofcom is currently facing the Catch 22 situation in trying to avoid limiting the investment in the nationwide rollout of superfast broadband while preventing the main distributor BT from damaging competition within the UK broadband market.

"The proposals are designed to promote competition in the superfast broadband market at the wholesale level. These would be expected to flow through to consumer benefits in the form of lower retail prices and easier switching between superfast broadband providers" said Ofcom.

NAO to investigate BT’s monopoly on rural broadband contracts

Ofcom clamps down on BT in a bid to increase competition