According to the Hawaiian Electric Company, residential electrical rates increased slightly to 33.2 cents per kilowatt-hour in October 2013 from 32.3 cents a month prior. HECO stated that this price increase was due to the high cost of low-sulfur fuel oil, which the company uses to produce the electricity. Rates for the neighbor islands also increased in October. Kauai residents paid the most at 42.9 cents per kilowatt-hour followed by Big Island of Hawaii residents who paid 41.4 cents per kilowatt-hour. Maui Electric Company residents paid 37.4 cents per kilowatt hour.
Source: Honolulu Star Advertiser, 10-18-2013, 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
