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electric rates
According to a recent article on Bloomberg, energy prices are expected to rise as much as 20% by 2020 due to new regulations for low sulfur fuel for oceangoing ships. Currently, Hawaii generates about 70% of its energy with low-sulfur oil. In 2020, maritime regulations will require ships worldwide to lower the amount of sulfur…
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In light of a base rate increase implemented earlier this year and the cost of oil in the $60-$70/barrel range, the cost of HELCO power is closing in on the 40 cents/kWh range. The small commercial G effective rate is 39.56 cents/kWh, which represents an 11 percent increase since November 2017 and 24 percent increase…
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By Duane Shimogawa Reporter Pacific Business News Hawaiian Electric Co. is proposing to raise rates by nearly 7 percent, which would be the first increase in base rates on Oahu in nearly six years, the utility said Friday. Pacific Business News broke the story about the proposal from Hawaiian Electric Co., a subsidiary of Hawaiian…
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