The Hawaiian Electric Company has announced that electrical rates for the island of Oahu will be 34.2 cents per kilowatt-hour for the month of October 2014, a slight decrease from the 35 cents per kilowatt-hour posted in September 2014. This means that the bill for a typical household using 600 kilowatt-hours of electricity will be $213.91. The decrease is attributed to the fact that oil prices worldwide have gone down. Peter Rosegg, spokesman for HECO stated, "Changes almost always reflect a change in fuel prices. That is the case for October, a welcome and meaningful reduction after months of small increases. However, even with the highest renewable energy percentage use in the nation, Hawaii is still about 80 percent dependent on imported oil for our primary generation fuel. We have little to no control over fuel prices set in world markets, primarily in Asia."
Source: Honolulu Star Advertiser, 10-16-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
