Hawaiian Electric Company (HECO) has announced that residential electric rates increased for the island of Oahu in August, mainly due to higher fuel costs. HECO burns low-sulfur fuel oil to produced most of its electrical needs in on Oahu. As a result, Oahu residents paid 33.5 cents per kilowatt-hour in August as compared to the 32.5 cents per kilo-watt-hour charged in July. The Maui Electric Company charged their customers 35.9 cents per kilowatt-hour. Big Island of Hawaii residents paid 39.4 cents per kilowatt hour. Kauai residents paid the most at 41.6 cents per kilowatt-hour.
Source: Honolulu Star Advertiser, 8-20-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
