Average Electricity Prices for Hawaiian Electric, Maui Electric, and Hawaii Electric Light Company

How much does your electricity cost?

During 2012, the cost of fossil fuel used to produce electricity increased, resulting in electricity costs going up. The price of fuel greatly impacts your electric bill because more than 50 percent of each bill is made up of fuel costs.

Our isolated geographic location also contributes to the higher cost of electricity. That’s because we don’t have any nearby utility companies from which to draw power in the event of a problem. For system reliability we must have reserve generating capacity and multiple distribution routes. Our electricity rates help cover those costs.

As we add more clean renewable energy resources to the island’s grid, the cost of electricity will stabilize and become lower than it would if we continued to rely on fossil fuels.

Take a look at the charts below for each of our three companies. The charts provide the average price paid in cents per kilowatt-hour (kWh) in 2012 by each category of customers. As you’ll see, electricity rates vary by category because they’re based on the cost of serving each category.

Hawaiian Electric Company (Island of Oahu)

These figures are derived by dividing the total revenue by the total kWh sold for each category during the year.

Hawaii Electric Light Company (Island of Hawaii)

These figures are derived by dividing the total revenue by the total kWh sold for each category during the year.

Maui Electric Company (Maui County)

These figures are derived by dividing the total revenue by the total kWh sold for each category during the year.