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Residential

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)

Rate Schedule 2012 average cents per kWh
Residential 35.10
"G" Small Power Use Business 36.50
"J" Medium Power Use Business 31.77
"P" Large Power Use Business 30.11
"DS" Large Power Use Business,
Directly Served
28.02
"F" Street and Park Lighting 32.92
 

 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)

Rate Schedule 2012 average cents per kWh
Residential 42.47
"G" Small Power Use Business 45.16
"J" Medium Power Use Business 39.39
"P" Large Power use Business 35.70
"F" Street Lighting 41.06
 

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) 

Rate Schedule Maui Molokai Lanai
  2012 average
cents per kWh
2012 average
cents per kWh
2012 average
cents per kWh
Residential 38.71 46.13 46.61
"G" Small Power Use Business 41.70 53.68 50.37
"J" Medium Power Use Business 38.13 45.81 49.17
"P" Large Power Use Business 35.47 39.98 46.04
"F" Steet Lighting 36.87 44.20 46.04
 

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