The Hawaii Natural Energy Institute has just released a report stating that the Hawaiian Electric Company could save more then 50 percent at each of its two power plants by switching over to using liquefied natural gas instead of using its current fuel oil. According to the report, the state’s reliance on oil-burning power plants is the primary reason why the state’s electrical costs are over three times higher then the national average. By switching to liquefied natural gas, Hawaii residents would see a significant decrease in their electric bills.
However, not all groups support the importation of natural gas. The Sierra Club argued, “Even assuming Hawaii can consistently access affordable LNG, it is unclear how infrastructure facilitating the use of fossil fuel energy will assist Hawaii in developing renewable energy resources. In fact, investors’ incentives to invest in innovative renewable energy technologies may diminish if opportunities to invest in more ‘familiar’ fossil fuel technologies become available.”
Source: Honolulu Star Advertiser, 1-12-2013, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
