Non-peak power rates cheaper under new HECO program

Non-peak power rates cheaper under new HECO program

HONOLULU (HawaiiNewsNow) - HECO is kicking off a new program that will charge customers less for power used during the day and more for electricity used at night.

The program is aimed at encouraging customers to use electricity when solar power is abundant.

The amount of any savings will depend on how much a customer changes their usage.

The program was developed in collaboration with the state Public Utilities Commission, and will run for two years.

Participation will be voluntary and limited to the first 5,000 customers who enroll.

Participating customers will receive information on their bills that compares their costs under this program and the normal residential rate for electricity.

Customers may opt out of the program at any time if they feel it isn't the right fit for them.

HECO Time-of-use program
Under a new program, participating customers would pay less for power during non-peak hours.
Oahu Hawaii Maui Lanai Molokai
Current Residential Rates (cents for kw/h) 24.1 29.7 26.9 31.6 29.6
Time-of-Use Rates
Mid-Day (9 a.m.-5 p.m.) 14.9 9.7 13.7 24.4 19.8
On-Peak (5 p.m.-10 p.m. 37.3 49.2 39 38.6 37.6
Off-Peak (10 p.m.-9 a.m.) 23.7 34.3 32.5 34.6 33.2

To enroll or for more information, click here.