How Hawaiian Electric Co compares with Hawaii's largest utilities
| Utility | 2024 ¢/kWh | Customers | Δ vs Hawaiian Electric Co, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Kauai Island Utility Cooperative | 41.29 | 30,109 | -1.59 | -$171 |
| Hawaiian Electric Co Inc (this page) | 42.87 | 276,206 | — | — |
| Maui Electric Co Ltd | 43.96 | 61,811 | +1.09 | +$118 |
| Hawaii Electric Light Co Inc | 48.31 | 78,386 | +5.44 | +$587 |
Hawaiian Electric Co files no county-level territory with EIA, so this table benchmarks against the state's largest utilities. Positive $/yr = that utility's customers pay more than Hawaiian Electric Co customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Where Hawaiian Electric Co customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | Hawaiian Electric Co premium, $/yr |
|---|---|---|---|
| Honolulu | Kauai Island Utility Cooperative | 41.29 | +$171 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 43.23 | 42.87 | -0.8% |
| Residential customers | 275,654 | 276,206 | +0.2% |
Ownership: Investor Owned. Statewide context: Hawaii electricity rates.
Supply vs delivery on a Hawaiian Electric Co bill
Hawaii is a regulated retail market — Hawaiian Electric Co customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: puc.hawaii.gov.
Counties served (HI, EIA-861 2024)
Honolulu
Questions people ask
- Is Hawaiian Electric Co Inc more expensive than other Hawaii utilities?
- Hawaiian Electric Co Inc customers paid an average 42.87 cents/kWh in 2024 — in line with the Hawaii volume-weighted average of 42.86 cents (EIA-861, bundled residential service).
- Can I switch away from Hawaiian Electric Co Inc?
- No — distribution territory is fixed by address and Hawaii has no residential supplier shopping. Rate changes go through the state utility commission (puc.hawaii.gov).
- How many customers does Hawaiian Electric Co Inc have?
- 276,206 residential customers in Hawaii in 2024, per its EIA-861 federal filing. Ownership type: investor-owned.