Your Conservation and Efficiency Program

Money Back and Continued Savings

Hawaii business owners and managers have more motivation to tackle their electricity usage than their counterparts anywhere else in the U.S. because their financial health is vulnerable to changes in fossil fuel costs.

Oil costs are felt at the pump and at the plug. Increases in world oil prices cause transportation-related costs to go up. But Hawaii's dependence on oil to generate electricity creates a direct increase in electrical costs. Businesses on the Mainland don't see the same electrical price increases because oil is less significant to generating their electricity.

Price volatility and escalation. The year 2008 was a wake-up call that signified how quickly and deeply Hawaii businesses are affected by $140 per barrel oil prices. Many businesses are no longer here and the ones that remain need to make it a priority to identify and address how they use energy and what they can do to address future price escalation.

Hawaii's major economic engine is impacted. Tourism drives Hawaii's economy and the industry is directly affected by fuel price increases as air travel becomes more expensive.

Largest controllable cost in a business. Electrical energy costs are often one of the top operating costs for any business, most often being second only to labor costs. This means that controlling electrical energy usage can be a great source of contributions to a business's bottom line. It can be more profitable and cost effective to reduce energy usage and associated expenses than to spend on actions that attempt to increase top line revenue.