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 22, 2024 start:
5052 Westgrove Dr
March 25, 2025 start:
5062 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.
Deletedoes the rate include transport (oncor) fees?
DeleteYes. 8.1¢ (IronHoprse) plus the Oncor fee.
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.
DeleteWhat is the latest on the master electricity contract, please?
ReplyDeleteContract is up and running.We are looking into your specific situation.
DeleteI have informed Gexa that they attempted a bait and switch on me (which they did) and have refused their attempt to switch me to them. Please tell me that the new contract you negotiated will switch me to the new contract that was supposed to happen on 9/1.
DeleteIs there any clarification on my particular situation wherein I was not switched on 9/1?
DeleteI’m going to ask again. What is my status after o was not switched over on 9/1? I do not know want to come home in December with no power.
DeleteFrom what I’m seen from other owners, this is not unique in other not having been switched over to the new umbrella contract. We’d really appreciate some information, even if it’s bad news.
DeleteThe lack of communication is concerning. What is the status on the new electric contract, please?
DeleteI received an e-mail from Gexa yesterday with a (very large) bill from 10/8 to 11/5, so it appears that I'm still "not in." Is there someone at the "management" company that I can contact to correct this?
DeleteYour IronHorse service kicked in on 11/5/24. So you are in. SNL hasn’t posted the most recent cycle on the ledgers. I suspect they haven’t seen the bill yet for cycle 3.
DeleteOur understanding is that it could take one or two billing cycles before Oncor transfers your usage from 9-1 to 11-5 to IronHorse (from Gexa). The broker says we don’t need to pay any third party invoice for electric invoice after 9-1-24. But if we do, the third party is obligated by law to refund your payment.
This part is in Oncor's hands. You could call them to see if they are in the process The broker has told us to sit tight as the Oncor process takes a little time.
When are we supposed to get the first bill charges from the new master electricity contract?
ReplyDeleteKeith Blue
The invoice just came in. The management company will pay it and code the charges to participants accounts. There is a lag (as there was with the prior contracts) of 2 weeks post invoice.
DeleteThe electric bill has been paid, but the charges have not been allocated. IronHorse is new to master residential contracts and their billing statement only allocated the usage by ESID number, not the $$ amount by address. They are currently setting that up. In the interim,. the bill has been paid and the fees will be charged to each owner once SNL has the allocation document.
DeleteI have still not seen or received a statement of charges. I've checked through the Condo Cafe. Nothing there. Is there any additional info?
ReplyDeleteThe electric bill has been paid, but the charges have not been allocated. IronHorse is new to master residential contracts and their billing statement only allocated the usage by ESID number, not the $$ amount by address. They are currently setting that up. In the interim,. the bill has been paid and the fees will be charged to each owner once SNL has the allocation document.
DeleteThe electric charges were posted today to your account. Utility Income Electric 9/3/24-9/11/24 and Utility Income Electric 9/11/24-10/10/24
DeleteMy start-up date shows as 4/2/2024 on the blog. Can that be changed to 3/22/2024?
ReplyDeleteThat change has been set up. The following future start dates are:
Delete5084 >>> 11/01/2024
5034 >>> 12/12/2024
5148 >>> 12/14/2024
5052 >>>03/22/2025
5062 >>> 03/25/2025
FIVE PARTICIPANTS were not added to the master contract do to a clerical error. Theses are 5016, 5054, 5102, 5112, and 5162.
ReplyDeleteIronHorse will claim the electric service for these accounts going back to 9/1/24 at the discounted master contract rate. The electric providers who provided electrical power in the interim will issue credits for any charges for electrical service and will refund any electrical fees paid as per Texas law. If anyone needs any help with this, the broker will help.
DeleteI see that my electric charges were posted to Condo Cafe a week ago but still have not been charged to my bank account.
ReplyDeleteThere are two payment options in Condo Cafe : "Pay My Account in Full" or "Fixed Payment Account". You need to select "Pay My Account in Full" to have you electric bill auto-payed. What you can do today is go to Condo Cafe and select "Pay Now" to settle your account for November. Then select "Pay My Account in Full" for the future. Let us know if that solves the problem.
Delete