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Saturday, April 13, 2013

Hawaii Economy – Electrical Rates on Oahu to Decline in April


According to the Hawaiian Electric Company, residents on the island of Oahu can expect to see a decrease in the electrical bills during April thanks to a coal-fired energy plant resuming production.  The plan was forced to shut down in February and March due to schedule maintenance, but now that it is back online, energy rates would decrease from 34.9 cents per kilowatt-hour to 32.4 cents per kilowatt-hour.  This would save the average household who uses 600 kilowatt-hours per month about $15.64.
Maui Electric stated that their electrical rate would actually increase slightly to 37.2 cents per kilowatt-hour from 37.0 cents per kilowatt-hour.  Big Island of Hawaii residents can expect to pay 39.9 cents per kilowatt-hour, a slight increase from last month’s 39.7 cents.  Kauai Island saw a decrease from 44.8 cents per kilo-watt hour to 42.4 cents per kilowatt-hour.
Source: Honolulu Star Advertiser, 4-13-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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