Hawaiian Electric Co Inc Electricity Rates

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, which averaged 46.14¢, Hawaiian Electric Co Inc is close to its own ownership class within the state (-7.1%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 9 reporting utilities.

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 - well below the national residential norm, implying a typical annual bill near $2,337.

Within Hawaii the median reporting utility sells about 6,434 kWh per customer, so Hawaiian Electric Co Inc customers use -15.3% against their own state's middle. Consumption this light usually tracks denser housing, gas heating or a milder service territory, which softens the bill impact of a high per-kWh price.

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.

For generation mix and price history statewide, see electricity rates in Hawaii.

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, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

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, why energy prices vary 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.