Hawaii · Investor Owned · investor
Hawaiian Electric Co Inc Electricity Rates
Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.
- 42.87¢
- Avg residential price / kWh
- 276.2K
- Residential customers
- -0.8%
- vs Hawaii average
- $2,337
- Implied avg annual bill
Among 194 utilities with 100,000 or more residential customers, Hawaiian Electric Co Inc ranks #2 by average cents per kWh and #100 by residential customers. Hawaiian Electric Co Inc charged an average of 42.87¢ per kWh to residential customers in 2024 - close to the Hawaii average and far above the Form 861 US customer-weighted average.
San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. Hawaiian Electric Co Inc is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is close to the Hawaii customer-weighted average (-0.8%). Its customers used well below the national residential norm at about 5,450 kWh a year each.
- San Diego Gas & Electric Co 43.63¢ · customers rank #90
- Florida Power & Light Co 5,236,277 customers · price rank #122
Highest average rate is not the most customers
Residential customers for the average-rate #1 and customers #1 utilities among 194 with 100,000 or more residential customers
- FL size
Florida Power & Light Co
5,236,277 residential customers
- CA rate 307,982
San Diego Gas & Electric Co
307,982 residential customers
What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.
EIA Form 861 utility filing desk
Release HI-2024 · Hawaiian Electric Co Inc NEAR STATE
Hawaiian Electric Co Inc · Form 861 2024 · NEAR STATE
- RATE 42.87¢/kWh
- RANK #6/9
- VS-ST -0.8%
- VS-US +150.5%
- CUST 276k
- BILL $2,337
- OWN IOU
- PHOTO CA 0.76¢
- BOOK 100/194
Nearest Form 861 price peer: San Diego Gas & Electric Co (CA) (+0.76¢ gap)
EIA Form 861 residential filing stamps for this utility record. Read with this utility → · Hawaii rates
Hawaiian Electric Co Inc in the Form 861 price neighbourhood
Average residential ¢/kWh among this utility and nearest indexable peers
- CT
United Illuminating Co
34 ¢/kWh
- NY
Consolidated Edison Co-NY Inc
36 ¢/kWh
- CA
Pacific Gas & Electric Co.
40 ¢/kWh
- this util
Hawaiian Electric Co Inc
43 ¢/kWh
- CA
San Diego Gas & Electric Co
44 ¢/kWh
What this shows Hawaiian Electric Co Inc reports 42.87¢/kWh, corpus customer-rank 100 of 194.
RateWatt cost context
How Hawaiian Electric Co Inc compares on reported cost context
A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in Hawaii; the state generation context is shown separately.
- Price against state peers
- 38/100
- Implied annual bill against state peers
- 63/100
- State renewable generation context
- 68/100
42.87¢/kWh · median 41.29¢/kWh
$2,337/yr · median $2,362/yr
33.7% · median 22.8%
Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.
Rate comparison
How this price compares
Ranked by price against the 9 utilities reporting residential rates in Hawaii, Hawaiian Electric Co Inc comes 6th of 9. The state's range runs from Spruce Finance at 12.21¢ to SunPower Capital, LLC at 59.57¢, so where a household sits inside Hawaii depends far more on which utility serves it than on the statewide average alone.
Against the 2 other investor owned utilities reporting in Hawaii, whose customer-weighted average is 46.39¢, Hawaiian Electric Co Inc is close to its own ownership class within the state (-7.6%).
State price distribution
Where Hawaiian Electric Co Inc sits among Hawaii utilities
2024 average residential price across the 9 utilities reporting a rate in Hawaii
42.87¢/kWh 38th affordability percentile More affordable than 38% of 8 other utilities
average residential price, equal-width bands
Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.
Source EIA Form 861 · 2024
| Benchmark | Price / kWh | Difference |
|---|---|---|
| Hawaiian Electric Co Inc | 42.87¢ | - |
| Hawaii (customer-weighted, 9 utilities) | 43.23¢ | -0.8% |
| US Form 861 customer-weighted average (1.5K utilities) | 17.11¢ | +150.5% |
| Investor Owned customer-weighted US avg (183 utilities) | 18.37¢ | +133.4% |
Rate against consumption: Hawaii utilities
Territory and usage
Scale and consumption
Hawaiian Electric Co Inc reported 276.2K residential customers, ranking 1st of 9 utilities in Hawaii by customers served and covering 59.2% of the state's reported residential customers.
Dividing reported residential sales by customers served gives about 5,450 kWh per customer per year - -15.3% against the Hawaii median of 6,434 kWh , implying a typical annual bill near $2,337.
State peers
Every utility reporting in Hawaii
All 9 utilities reporting bundled residential service in Hawaii, largest first, with Hawaiian Electric Co Inc marked. The named companies either side of it are the ones a household in this state might otherwise be served by.
| Utility | Ownership | Customers | Avg ¢/kWh |
|---|---|---|---|
| Hawaiian Electric Co Inc (this page) | Investor Owned | 276.2K | 42.87¢ |
| Hawaii Electric Light Co Inc | Investor Owned | 78.4K | 48.31¢ |
| Maui Electric Co Ltd | Investor Owned | 61.8K | 43.96¢ |
| Kauai Island Utility Cooperative | Cooperative | 30.1K | 41.29¢ |
| Sunrun Inc. | Behind the Meter | 15.1K | 28.34¢ |
| Tesla Inc. | Behind the Meter | 2.4K | 18.16¢ |
| SunPower Capital, LLC | Behind the Meter | 1.1K | 59.57¢ |
| Sunnova | Behind the Meter | 849 | 35.75¢ |
| Spruce Finance | Behind the Meter | 481 | 12.21¢ |
For generation mix and price history statewide, see electricity rates in Hawaii.
Ownership class peers
Investor Owned utilities with similar residential prices
Beyond Hawaii, these indexable investor owned utilities report the closest residential averages to Hawaiian Electric Co Inc in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.
| Utility | State | Customers | Avg ¢/kWh |
|---|---|---|---|
| San Diego Gas & Electric Co | California | 308.0K | 43.63¢ |
| Pacific Gas & Electric Co. | California | 1.9M | 39.62¢ |
| Consolidated Edison Co-NY Inc | New York | 2.7M | 35.66¢ |
| United Illuminating Co | Connecticut | 256.3K | 34.04¢ |
| Massachusetts Electric Co | Massachusetts | 526.4K | 33.60¢ |
FAQ
Common questions about Hawaiian Electric Co Inc rates
- How much does Hawaiian Electric Co Inc charge per kWh?
- Hawaiian Electric Co Inc reported an average residential price of 42.87¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.
- Is Hawaiian Electric Co Inc expensive compared with the rest of Hawaii?
- Its average residential price is close to the Hawaii customer-weighted average of 43.23¢ per kWh, a difference of -0.8%. The state figure is weighted by customers across the 9 utilities reporting residential service in Hawaii.
- What is the average electricity bill for Hawaiian Electric Co Inc customers?
- Dividing reported residential sales by residential customers gives about 5,450 kWh per customer per year. At the reported average price that implies roughly $2,337 a year, or about $195 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.
- Who owns Hawaiian Electric Co Inc?
- EIA classifies Hawaiian Electric Co Inc as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.
Limitations
What this page does and does not tell you
- An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
- Form 861 presence is not evidence of availability at an address or of customer choice.
See our methodology and understanding rate structures .
Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.
Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.