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Tuesday, March 19, 2013

Hawaii Economy – Electric Rates Increase Slightly


The Hawaiian Electric Company has announced that they will be charging 34.9 cents per kilowatt-hour in March, a slight increase from the 34.5 cents per kilowatt-hour that they charged in February 2013.  This is largely due to the fact that a large coal-fired plant was be down for maintenance during early part of the month.  This equated to a typical Oahu household spending $218.74 during March for electricity.  In comparison, Maui Electric Company customers spends 37.0 cents per kilowatt-hour.  Big Island of Hawaii residents spent 39.7 cents per kilowatt-hour.  Kauai Island Utility Cooperative charged their customers 44.8 cents per kilowatt-hour.  
In December 2012, the statewide average was 36.3 cents per kilowatt-hour, which made Hawaii the state with the highest electrical rate in the country.  According to the U.S. Energy Information Administration, the national average for that month was 11.6 cents per kilowatt-hour.  Idaho had the lowest average rate at 8.4 cents per kilowatt-hour.
Source: Honolulu Star Advertiser, 3-19-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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