Section 24: Supply of electricity in bulk by the Authority.

(1) Where the Authority offers to any authorised undertaker a supply of electricity in bulk at a rate of charge, including provision for any expenses necessarily incurred by such undertaker in taking such supply in bulk which is equal to or less than the cost of generation of a like supply of electricity by such undertaker, such undertaker shall take the said supply in bulk upon such terms and conditions, as shall be determined by agreement or in default of agreement by the Minister.
(2) In the event of any dispute arising under this section, the same shall be referred to a referee.
(3) In this section, the expression "cost of generation" means all costs incurred by the undertaker which, having regard to the items of cost included in the rate of charge offered by the Authority for a supply of electricity in bulk, ought properly to be allocated to those parts of the undertaking engaged in the production of electricity.