Hawaiʻi may see higher electric bills by the end of 2026
May 7, 2025
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0:37Now PlayingHawaiʻi may see higher electric bills by the end of 2026
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as posted by the channelThe Hawaiʻi Public Utilities Commission has given Hawaiian Electric Co. the green light to pursue its first major rate increase in more than five years.
Hawaiʻi ratepayers already pay the nation’s highest rates for electricity, but the utility says the increase is needed because of the skyrocketing costs of materials.
The increase would be in addition to a new fee on residents, approved by the Legislature on Wednesday, to help HECO finance a $500 million loan for infrastructure and capital improvements to lower wildfire risks.
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