Hawaii Electric Bills Are at a Four-Year Low

Customers of the Hawaiian Electric Companies are benefiting from lower electric bills due to lower fuel prices. Typical residential bills are at their lowest level in about 4 years.Shaka For HELCO“We are happy to pass these savings straight through to our customers,” said Jim Alberts, Hawaiian Electric senior vice president of customer service. “At the same time, we’ve seen oil prices drop before, only to rise again. Today’s lower oil prices must not distract us from reducing our dependency on imported oil.

“We remain committed to reaching our goal of getting 65 percent of electricity from renewable sources by 2030,” he said.

The Hawaiian Electric Companies also continue working to reduce costs to customers through efficiency improvements and by pursuing cleaner, low-cost natural gas to replace oil while continuing to increase use of renewable energy.

* On Oahu, the residential effective rate is 27.9 cents per kilowatt-hour (kWh). A typical 600 kWh bill is $177.45, a decrease of $9.77 since last month, and the lowest since March 2011.

* Hawaii Island’s residential effective rate is 33.8 cents per kWh and a 600 kWh bill is $214.71; that is $12.49 lower than last month, and the lowest since October 2010.

* Maui’s effective rate is 31.5 cents per kWh and a typical 600 kWh bill is $198.78, $21.46 lower than last month and the lowest since February 2011.

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