State approves rate hike for HECO

HONOLULU (HawaiiNewsNow) - Electricity bills across Hawaii will soon be on the rise, as the Hawaiian Electric Company and its subsidiaries receive approval for another decoupling fee.

Oahu residents are expected to see a monthly increase of about $4.89, with HELCO customers on the Big Island paying $3.92 and MECO charging Maui residents a $4.90 hike.

Molokai and Lanai residents will receive a $3.27 bump increase.

Decoupling is a controversial billing strategy used in more than half the country which gives HECO a predictable revenue stream even when energy use is down.

The move is seen by some as a way to discourage the company from trying to force customers to use more kilowatts at home.

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