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

power lines

Power firms win UK subsidies for new Channel cables project

LONDON - New electricity cables across the Channel to France and Belgium will be a key part of keeping Britain’s lights on during winter in the early 2020s, after their owners won backup power subsidies in a government auction this week.

For the first time, interconnector operators successfully bid for a slice of hundreds of millions’ worth of contracts in the capacity market. That will help cut costs for consumers and squeeze out old coal power plants.

Three new interconnectors are currently being built to Europe, almost doubling existing capacity, with one along the Channel Tunnel and two on the seabed: one between Kent and…

READ MORE
romania nuclear plant

Romania moves to terminate talks with Chinese partner in nuke project

READ MORE

ev-battery-plant-project-montreal

Northvolt Affirms Continuation of EV Battery Plant Project Near Montreal

READ MORE

heathrow-airport-power-outage-vulnerabilities-flagged-days-before-disruption

Heathrow Airport Power Outage: Vulnerabilities Flagged Days Before Disruption

READ MORE

ev

Europe's EV Slump Sounds Alarm for Climate Goals

READ MORE