No, but you pointing out that they've got something in Scotland for £7.50 doesn't explain why we should or could automatically have the same here.
As a potential candidate for election, it's up to you to find out how they do it for £7.50 and see if you can replicate that model in Jersey.
You don't mention that they have competition on the route, so saying "more competition" is not necesarily the answer.
I would guess that the Scottish route operates for £7.50 because we have a Scottish prime minister who will provide huge government subsidy to any such schemes in Scotland, to help buy votes north of the border. It's highly likely to be government subsidised.
Where is it by the way?