Oahu homes to see small break in bills

subscribe

Oil prices have quickly fallen in recent months, but the electricity bill for Hawaii homeowners remain near its highest levels.

Hawaiian Electric Co. says Oahu homeowners will be getting a slight break on their bills this month.

The typical home, which uses about 600 kilowatt hours, will see their bill drop about 7.4 percent to $182.01 from the $196.52 they were billed in October.

HECO says more cuts could be in order given oil's decline. Most of the electrical generators in Hawaii run on oil.

That should provide some relief for homeowners who have seen their bills rise this year to a peak of 32.5 cents per kilowatt-hour in September. It now stands at 28.9 cents.

Hawaii residents have the highest average statewide electricity rates in the nation, paying almost three times the U.S. average.

Related News

electricity

Why Canada's Energy Security Hinges on Renewables

TORONTO - Oil, gas, and coal have been the central pillar of the global energy system throughout the 20th century. And for decades, these fossil fuels have been closely associated with energy security.  

The perception of energy security, however, is rapidly changing. Renewables form an increasing share of energy sectors worldwide as countries look to deliver on the Paris Agreement and mitigate the effects of climate change. Moreover, Russia’s invasion of Ukraine has demonstrated how relying on fossil fuels for power, heating, and transport has left many countries vulnerable or energy insecure.  

The International Energy Agency (IEA) defines energy security as “the…

READ MORE

Investigation reveals power company 'gamed' $100M from Ontario's electricity system

READ MORE

ev-sales-still-behind-gas-cars

EV Sales Still Behind Gas Cars

READ MORE

schott-powers-german-plants-with-green-electricity

Schott Powers German Plants with Green Electricity

READ MORE

schneider-electric-aids-in-notre-dame-restoration

Schneider Electric Aids in Notre Dame Restoration

READ MORE