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PUC Approves Decoupling Fee for HECO

Posted June 3rd, 2014 @ 1:33pm

The state Public Utility Commission approved a request from Hawaiian Electric Company and its subsidiaries for a decoupling fee. That means your electric bill will increase by $4.89 a month on Oahu. HELCO customers on the Big Island will pay $3.92 more and Maui residents will see their bills go up by $4.90 through MECO. Molokai and Lanai residents will have to pay $3.27 more. Many states use the controversial billing strategy called "decoupling." It gives HECO a predictable revenue stream, even when energy use is down. 

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