Master Electric Contract Startup
The LoBT master electric contract is a 12.9¢ flat rate* for five years, expiring on August 31, 2029. Sixty-percent (60%) of the eligible owners are participating in this program; up from 15% for the last contract. This discount is fully transferable to the new owner if you sell your home. Technically, this contract is between LoBT and the supplier (the power is not in your name). The electric expense will appear as a monthly charge on Condo Cafe which you can set up for auto pay.Prior articles on the contract and sign-up are located here.
The new supplier is IronHorse Power Services. TXU, who provided the last two contracts, 2014-2019 and 2019-2024, declined an invitation to bid, and the LoBT broker, Live Energy, was not able to find another supplier to provide power. Determined, the Association hired another broker, Dawn Electric, who was able to place our contact. IronHorse is located three miles from LoBT on Alpha.This transition does not require any effort on your part. Just pay your last electric bill and you will see future charges on Condo Cafe account.
The rollout schedule is as follows:
September 1, 2024 start:
5050 Westgrove Dr HLTS 2 (pool, parking lot, tree, and street lights)
5050 Westgrove Dr HLTS 11 (pool, parking lot, tree, and street lights)
5050 Westgrove Dr HLTS 12 (pool, parking lot, tree, and street lights)
5058 Westgrove Dr HLTS (pool, parking lot, tree, and street lights)
September 1, 2024 start:
5014 Westgrove Dr
5016 Westgrove Dr
5026 Westgrove Dr
5028 Westgrove Dr
5032 Westgrove Dr
5046 Westgrove Dr
5048 Westgrove Dr
5054 Westgrove Dr
5072 Westgrove Dr
5076 Westgrove Dr
5086 Westgrove Dr
5092 Westgrove Dr
5100 Westgrove Dr
5102 Westgrove Dr
5104 Westgrove Dr
5106 Westgrove Dr
5110 Westgrove Dr
5112 Westgrove Dr
5120 Westgrove Dr
5124 Westgrove Dr
5136 Westgrove Dr
5138 Westgrove Dr
5156 Westgrove Dr
5162 Westgrove Dr
5164 Westgrove Dr
5170 Westgrove Dr
September 15, 2024 start:
5058 Westgrove Dr
5070 Westgrove Dr
September 16, 2024 start:
5002 Westgrove Dr
5004 Westgrove Dr
5024 Westgrove Dr
5074 Westgrove Dr
5088 Westgrove Dr
5108 Westgrove Dr
5114 Westgrove Dr
5126 Westgrove Dr
5132 Westgrove Dr
5140 Westgrove Dr
5144 Westgrove Dr
November 1, 2024 start:
5084 Westgrove Dr
December 12, 2024 start:
5034 Westgrove Dr
December 14, 2024 start:
5148 Westgrove Dr
March 25, 2024 start:
5062 Westgrove Dr
April 2, 2025 16, 2024 start:
5052 Westgrove Dr
* this compares to 9.5¢ on prior master contract, and TXU's month to month rate of 21.5¢ which includes Supplier and Oncor charges
Thanks for the efforts doing this. This rate quite a bit less per kwh than my current rate, and I won't have to worry that I need to use more to get a smaller bill. (Crazy systems that give you a discount once you exceed 2000kwh per month)
ReplyDeleteIs the rate 12.9 no matter how much you use?
ReplyDeleteSimple answer – yes. There are no residential gimmicks.
DeleteWho is the contact for setting up electricity auto pay? Judy Wicker
ReplyDeleteGood question. Your monthly electricity charges will appear on your CondoCafe account. You can set up Condo-Cafe to auto-pay.
DeleteHi, my Ambit electric provider says they have me on the coverage until 9/3. I am curious if Iron Horse or TXU is going to take over 9/1. Can you help? Judy
ReplyDeleteThis is a really good questions. Others may have it as well. The Texas Utility Commission provides for cancellation up to 14 before the end of a contact without penalty. It's a grace period. In your case, specifically, you stated on your application that your contract expired in May 2024. The broker assumed you were month-to-month like many others and they gave you the first conversion date. In short, you will change from Ambit on September 1 to IronHorse and there will be no penalty.
Delete