Demystifying Embedded Networks For Owners corporations
Sourcing Independent Advice To Help Owners Make An Informed Choice
When owners at a 60-lot townhouse estate came to us, they had spent years asking their previous strata manager about their embedded network but were always dismissed and ignored. We engaged a specialist consultant to review their agreement and benchmark pricing against alternative providers. The findings were presented in full at the annual general meeting: if owners had access to standard market electricity rates for their private townhouses, each owner could save approximately $131 per year. However, the cost of accessing the market rates would require the the owners corporation to exit the embedded network altogether, which would cost over $47,300.
Owners voted to stay but renegotiate with the current provider and the embedded network. For the first time, they understood how the network came to exist, what it costs, and what their options are if circumstances change. They were finally in a position to make an active, informed choice rather than a passive one made for them by a manager who wouldn’t engage.
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