HECO to boost rates by average $1.34 a month to pay for biodiesel generator
Hawaiian Electric Co. customers will see an average $1.34 per month increase in their bills to help the utility operate its new biodiesel-fueled generating unit at Campbell Industrial Park.
The Public Utilities Commission approved the rate increase, which will boost Hawaiian Electric Co.’s revenue by $12.7 million, or 1 percent, according to a news release from HECO.
“The new 110-megawatt generating station, to be fueled by renewable biodiesel, represents a significant step towards reducing Hawaii’s dependence on fossil fuels,” HECO said in the release.
A typical residential customer using 600 kilowatt-hours a month will see their monthly electric bill rise by $1.34, resulting in a bill of $149.57 based on current fuel costs.