State Electricity Rates Fall But Remain Nation's Highest
7/10/2012 Filed under Press Releases
Residential electricity bills fell on all islands in July from June, the state's two power utilities reported Monday.
The rate for customers on Oahu declined to 34.7 cents a kilowatt-hour in July from 35.1 cents a kilowatt-hour in June, according to Hawaiian Electric Co. The July rate translates into a monthly bill of $216.85 for households using 600 kilowatt-hours of electricity a month, down $1.75 from June.
Even with the decreases, however, electric rates statewide remained high by historical standards, largely because of the utilities' dependence on expensive fuel oil for power generation. Oahu's rate in July was the second highest on record.
Elsewhere in the state, Maui Electric Co. customers saw rates fall to 37.5 cents per kilowatt-hour in July from June's 38.8 cents. The typical Maui bill fell by $8.34 to $233.56.
Hawaii island residential rates fell to 41.4 cents a kilowatt-hour from last month's 42 cents. The typical bill fell by $3.73 to $258.68.
On Kauai the rate fell to 38.4 cents per kilowatt-hour from 42.81 cents per kilowatt-hour in June, according to the Kauai Island Utility Cooperative.
Hawaii consistently has the highest electricity costs in the nation. The statewide average residential rate in April was 37.5 cents a kilowatt-hour, up 14.1 percent from the same month a year earlier, according to the latest data available from the U.S. Energy Information Administration. Nationally, the average residential rate was 12 cents a kilowatt-hour in April, up 1.7 percent from a year earlier.
Source: Honolulu Star-Advertiser