For the third month in a row, electrical rates for the island of Oahu have increased. Customers will now pay 34.9 cents per killowatt-hour, up from 34.7 cents per kilowatt-hour posted in July. Lynne Unemori, the spokeswoman for the Hawaiian Electric Company stated, "Fuel costs, which currently make up more than 70 percent of the monthly electric rate, are largely the driver for the fluctuation from last month. We know how difficult high bills are for our customers. That's why we are so focused on cutting fuel costs through the use of cleaner, lower cost renewable energy and alternatives to expensive oil like liquefied natural gas."
Source: Honolulu Star Advertiser, 8-23-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
