According to a report released by the Hawaiian Electric Company (HECO), electrical rates for the island of Oahu in November were the lowest that they have been since Februray 2012. Residential consumers spent 31.9 cents per kilowatt-hour on Oahu, a decrease from the 33.6 cents per kilowatt-hour in October. Experts attribute this reduction due to lower fuel oil prices which HECO uses to power their generators.
In comparison, Maui customers spent 39.6 cents per kilowatt-hour. Big Island of Hawaii residents spent 39.0 cents per kilowatt-hour, while Kauai resident spent the most across the state at 43.9 cents per kilowatt-hour. The state of Hawaii has the highest electric rate in the country with an average of 37.04 cents per kilowatt-hour. According to the U.S. Energy Information Administration, the national average is 12.17 cents per kilowatt-hour.
Source: Honolulu Star Advertiser, 11-23-2012, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
