Hawaii Public Utilities Commission OKs Tiered Electric Rates For Maui County, Big Island

By Pacific Business News (Honolulu)

The Hawaii Public Utilities Commission has approved a tiered structure of electric rates for residential customers of Hawaii Electric Light Co. on the Big island and Maui Electric Co. The new rate structure is effective for Maui Electric Co. on Jan. 12 and for Hawaii Electric Light Co. on Jan. 14.

The PUC also has approved the tiered rates concept for Hawaiian Electric Co. on Oahu, but has not yet issued an order to implement the rates, according to a statement from the electric companies.

The new structure is comprised of three tiers of electric rates, with the amount of electricity customers use determining how many tiers apply to their bills. Customers who use less electricity will be charged lower rates under the tiered structure.

Maui customers will be charged 9 cents per kilowatt-hour for up to 350 kilowatt-hours used, 10 cents per kilowatt-hour for 351-1,200 kilowatt-hours used and 11 cents per kilowatt-hour for 1,201 kilowatt-hours and above. A typical monthly electric bill for 600 kilowatt-hours used totals $199.04, according to Hawaiian Electric Co.

Customers on the Big Island will be charged 12 cents per kilowatt-hour for up to 300 kilowatt-hours used, 14 cents per kilowatt-hour for 301-700 kilowatt-hours used and 15 cents per kilowatt-hour for 700+ kilowatt-hours. Hawaiian Electric Co. estimates a typical monthly electric bill will total $190.46 for 500 kilowatt-hours of electricity used.

Lanai customers will pay 9 cents per kilowatt-hour for up to 250 kilowatt-hours used, 10 cents per kilowatt-hour for 251-750 kilowatt-hours used and 11 cents per kilowatt-hour for 751 kilowatt-hours and above. A typical 500 kilowatt-hour monthly electric bill totals $203.79, according to Hawaiian Electric Co.

Molokai residents will pay 11 cents per kilowatt-hour for up to 250 kilowatt-hours used, 13 cents per kilowatt-hour for 251-750 kilowatt-hours used and 13 cents per kilowatt-hour for 751 kilowatt-hours and above. Hawaiian Electric Co. estimates that a typical monthly electric bill for 500 kilowatt-hours used will total $195.07.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/pacific/news/2011/01/12/hawaii-public-utilities-commission-oks.html?ana=thestreet

Copyright bizjournals.com 2010

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