Thursday, December 5, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, October 20, 2016
Time-of-Use Rates Punish Evening Consumers with 55% Rate Hike on Oahu
By News Release @ 3:32 AM :: 6351 Views :: Energy, Cost of Living

Hawaiian Electric Companies offer customers a lower-cost daytime option with Time-of-Use Rates

News Release from HECO

HONOLULU, Oct. 19, 2016 - The Hawaiian Electric Companies are offering an optional Time-of-Use rate program that will charge customers less for power used during the day - when solar energy production is highest - and more at night.

Developed under the direction of the Hawaii Public Utilities Commission, these rates encourage customers to use electricity when solar power is abundant and enable cost-effective integration of renewable energy.

This program will provide customers with an opportunity to save money if they shift their energy use to daytime hours. For example, customers who do laundry, cook, or heat water during the day may be able to save. Customers who charge electric vehicles or energy storage systems in the day may also benefit. The amount of any savings will depend on how much a customer changes their usage. As a result, this program may not fit the needs of all customers.

Here's how the rates will compare with current residential rates for October 2016 (all prices in cents per kilowatt-hour):

Oahu Hawaii Maui Lanai Molokai
Current Residential Rates
Oct. 2016 All Day 24.1 29.7 26.9 31.6 29.6
Time of Use Rates
Mid-day 9am - 5pm 14.9 9.7 13.7 24.4 19.8
On-Peak 5pm - 10pm 37.3 49.2 39.0 38.6 37.6
Off-Peak 10pm - 9am 23.7 34.3 32.5 34.6 33.2

As directed by the PUC, this program will run for two years and these rates are only for residential customers. Participation will be voluntary and limited to the first 5,000 customers who enroll.

Participating customers will receive information on their bills that compares their costs under this program and the normal residential rate for electricity. Customers may opt out of the program at any time if they feel it isn't the right fit for them.

To enroll or for more information, go to www.hawaiianelectric.com/timeofuse or call:

Oahu: (808) 548-7311
Maui: (808) 871-9777
Molokai and Lanai: 1-877-871-8461
Hilo: (808) 969-6999
Kona: (808) 329-3584
Waimea: (808) 885-4605

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii