Rates & Regulations

Average Price of Electricity

How much does your electricity cost?

Electricity prices in 2015 were significantly lower than in 2014, reflecting decreases in the price of fuel oil used to produce electricity.

Electricity prices in Hawaii are generally higher than on the U.S. mainland due to the cost of imported oil used to power many of the islands' generators. The fluctuation in the cost of fuel, which makes up roughly 50 percent of a typical bill, is the biggest driver.

Our isolated geographic location also contributes to the higher cost of electricity because we don't have any nearby utility companies from which to draw power in the event of a problem. So for system reliability, we must have reserve generating capacity and multiple distribution routes.

As we continue to replace imported oil with more clean, renewable energy resources, we expect to stabilize and reduce the cost of electricity.

The chart below shows the average price paid per kilowatt-hour (kWh) in 2015 by each type of customer (rate schedule). Electricity rates vary by type of customer because they're based on the cost of providing service.

Hawaiian Electric Company (Island of Oahu)

Rate Schedule2015 Average Cents/kWh
"R" Residential 28.02
"G" Small Power Use Business 28.91
"J" Medium Power Use Business 24.15
"P" Large Power Use Business 22.45
"DS" Large Power Use Business, Directly Served 20.49
"F" Street and Park Lighting 25.29

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 Schedule2015 Average Cents/kWh
"R" Residential 34.65
"G" Small Power Use Business 39.54
"J" Medium Power Use Business 30.93
"P" Large Power Use Business 27.65
"F" Street and Park Lighting 31.85

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 Schedule2015 Average Cents/kWh
 MauiMolokaiLanai
"R" Residential 31.05 37.60 37.63
"G" Small Power Use Business 34.45 43.73 41.59
"J" Medium Power Use Business 30.13 36.06 40.11
"P" Large Power Use Business 27.51 29.33 36.48
"F" Street Lighting 28.57 34.97 36.83

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