Rates & Regulations
Average Price of Electricity
How much does your electricity cost?
Electricity prices in Hawaii are greatly affected by the cost of imported fuel oil because it accounts for roughly 50 percent of a typical bill.
In 2018, our companies experienced increases in the costs of fuel oil ranging from an 18 percent increase to a 45 percent increase, compared to the previous year-end. Consequently, electricity prices in 2018 were higher than in 2017.
We will continue to increase our use of renewable energy resources, which will help stabilize the future cost of electricity.
The following charts show the average price paid per kilowatt-hour (kWh) in 2018 by rate schedule for each type of customer. These figures are derived by dividing the total revenue by the total kWh sold for each category during the year. Electricity rates vary by rate schedule because they're based on the cost of providing service.
Hawaiian Electric Company (Island of Oahu)
| Rate Schedule | 2018 Average Cents/kWh |
|---|---|
| "R" Residential | 31.18 |
| "G" Small Power Use Business | 32.58 |
| "J" Medium Power Use Business | 27.44 |
| "P" Large Power Use Business | 25.17 |
| "DS" Large Power Use Business, Directly Served | 24.04 |
| "F" Street and Park Lighting | 28.38 |
Maui Electric Company (Maui County)
| Rate Schedule | 2018 Average Cents/kWh | ||
|---|---|---|---|
| Maui | Molokai | Lanai | |
| "R" Residential | 34.21 | 40.16 | 40.14 |
| "G" Small Power Use Business | 38.40 | 47.17 | 45.09 |
| "J" Medium Power Use Business | 33.53 | 38.98 | 42.73 |
| "P" Large Power Use Business | 30.80 | 33.05 | 38.78 |
| "F" Street Lighting | 31.79 | 37.84 | 39.42 |
Hawaii Electric Light Company (Island of Hawaii)
| Rate Schedule | 2018 Average Cents/kWh |
|---|---|
| "R" Residential | 37.08 |
| "G" Small Power Use Business | 42.69 |
| "J" Medium Power Use Business | 33.87 |
| "P" Large Power Use Business | 30.15 |
| "F" Street Lighting | 38.14 |
