(1) The public entity registered under the Companies Act, 1963 (Act 179) as the Ghana Grid Company Limited shall apply for a transmission licence within six months of the coming into force of these Regulations. 

(2) The Commission shall pursuant to section 23(2) of the Act grant the transmission licence subject to such conditions that the Commission determines.

(3) A market participant shall submit copies of every valid bilateral contract to the Utility, the Commission and Public Utilities Regulatory Commission within thirty days of the commencement of these Regulations.