Electric Rates to Drop
Hawaiian Electric News Release
Hawaiian Electric shared good news last week. Customers on Molokai, Maui, Lanai and Hawaii Island will see lower rates in September that reflect the first significant drop in oil prices since spring. Oahu customers will see a smaller rate increase than expected with the shutdown of the AES coal-fired power plant.
Hawaiian Electric is forecasting a typical residential bill on Molokai to be down by 14 percent, or about $34, for electricity used in September, which will be included in bills most customers receive in October. Molokai will see the greatest reduction, followed by Lanai down nine percent, Hawaii Island down six percent, and Maui down five percent. …













