Section 68: Trading licences.

(1) A trading licensee shall be permitted to engage in the purchasing, selling, and trading of electricity and the Commission shall have the authority to determine the terms and conditions of trading licences as may be appropriate in the circumstances, and having due regard to the nature of the activities in which the licensee intends to engage.
(2) The Commission may also issue a temporary bulk purchase and resale licence, giving the licensee, the ability to purchase electrical power and ancillary services from independent power producers and successor generation companies for the purpose of re-sales to one or more other licensees, or to an eligible customer.
(3) All contracts for purchases of electrical power and ancillary services by the holder of such temporary licence shall be awarded according to an open, transparent, and competitive manner, pursuant to a procedure established by the Commission, unless the circumstances require otherwise and the Commission allows or requires an alternative method.