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Higher ‘dino fuel’ costs.
The only line that matter is this one: “The cost of electricity in the state is double the national average.” Aunty needs a bigger CEO bonus this year!
As long as our utility remains dependent on imported fossil fuels, we will be at the mercy of the global petroleum market. Oil prices, approaching $55/barrel are about twice as high as they were a year ago when they were in the high twenty-something range. The sooner more renewable projects get approved and online, the more stable our electrical prices will become. Hawaii puts up too many barriers to developing renewable energy projects, projects which should be getting fast tracked, instead of being bogged down in the regulatory process.
The biggest “barrier to developing renewal energy projects” is HECO themselves. Failure to invest in their infrastructure to support rooftop solar and putting the kibosh on the industry was THEIR doing for nothing but selfish, profit generating reasons.
Even with the high cost per kWh, Hawaii isn’t too out of line with national average monthly costs for electricity. On an annual basis in 2015, Connecticut residents had a higher average monthly bill ($153.13) than Hawaii residents ($152.12). National average was $114.03. We might pay more per kWh, but we typically use a lot less. Average kWh usage across the U.S. was 901 kWh, while Hawaii average was just 514 kWh. We just need to integrate more solar and energy saving to get our monthly bills in line with the national average. We thankfully don’t need to worry about heating costs or extreme cooling costs.
With all of the profits HE makes every quarter you would think a public utility (serve the public) would try to lower bills for a change.
As long as this “public” utility is a monopoly run by a corporation that serves its shareholders, first and foremost, its list of priorities will never include actively trying to lower consumer bills.
Or maintaining a reliable grid. Somebody farts in East Oahu and thousands lose power.
somebody stop serving them beans and cabbage then
They passed their savings on to you. Wait, what?
“higher purchased power costs” = buying unused power sent back to the grid from those with rooftop pv under nem agreements. thanks!!
Pretty clear who on this site has a stake in HECO
it’s also clear who has a stake in flywheels.
a simple understanding of how the grid works, what our supply and demand capabilities and limitations are, general knowledge of return on investments and available resources are all that is needed to know some technologies are better suited than others in solving a particular problem. and sometimes the best option is waiting for technology to come up with a solution.
Diversionary tactic aint’t going to work. The problem remains HECO ripping off the residents of Hawaii and using the guise of alternative energy and storage from fossil fuel as cover for their monopolistic ripoff of electrical users. By the way using FACTS and simple math I completely debunked your claim that HECO is not making a profit in the large PV farm that just went online in Waianae by by buying electricity at about half the rate that they are selling to residential customers.
inverse, it’s obvious you still don’t get it. maybe cholo just can’t explain it in a way so that you can understand.
here’s a question you can answer if you don’t believe cholo. why do we have IPP’s and how and why does the PUC decide if a PPA will be accepted or not? it has everything to do with the cost effect to the customer. why was HECO’s PV farm denied and even SunEdison’s when others are permitted? figuring out the factual answer to these may help you understand how this all works. then again, cholo isn’t holding his breath but he is hopeful. you’re not the only one who doesn’t get it. most commenters here don’t.
by the way, cholo agrees heco is ripping off customers. they are far from an honest company. but you’re barking up the wrong tree with your misconception of power purchases. that ain’t it.
just remember one item — the energy cost adjustment — on your electric bill. we’ve all been paying much more than needed and cholo isn’t talking about resold pv power from nem customers.
i thought the USA was flowing with extra oil. no need import foreign oil. whatever happened to the surplus of american oil.
when the prices dropped due having too much oil they stopped drilling. what a RIP off to the american people including us slaves for oil in hawaii nei.
First the electricity rate was based on 600 kw which is now 500 kw to make the rates look lower. Second, higher rates now based on fuel And renewable energy. Next, here we go back to $.34 kw hr.
Watch the utility costs esp gasoline , indirectly taxes also increase directly affecting the public …starts with doing all we can to be less dependent on oil …