Accord to a report released by the Hawaiian Electric Company (HECO), Oahu residents will once again be forced to pay more for their electricity in September 2014. HECO announced that rates increased from 34.9 cents per kilowatt-hour to 35 cents per kilowatt hour. This was the fourth month of consecutive increase, and many customers are worrying that HECO will continue to raise prices each month for the foreseeable future. Shelee Kimura, HECO's vice president of corporate planning and business development responded by stating, "Our energy environment is changing rapidly, and we must change with it to meet our customers' evolving needs. These plans are about delivering services that our customers value. That means lower costs, better protection of our environment and more options to lower their energy costs, including rooftop solar."
In comparison, customers of Maui paid an average of 37 cents per kilowatt hour. Big Island of Hawaii customers paid 40.8 cents per kilowatt hour. Kauai customers paid the most at 41.2 cents per kilowatt hour. According to the U.S. Energy Information Administration, the national average for electricity for the month of June 2014 was 12.97 cents per kilowatt hour.
Source: Honolulu Star Advertiser, 9-17-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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