Hawaiian Electric announced that customers should prepare for potential increases in energy costs in the coming months, driven by rising global oil prices linked to escalating geopolitical tensions, including the ongoing conflict involving Iran.
As an island state that relies heavily on imported fuel for electricity generation and transportation, Hawai‘i is particularly sensitive to global fossil fuel price fluctuations. These increases will affect electric bills, fuel prices and other commodities.
Hawaiian Electric is forecasting that typical residential bills may rise between 20% and 30% over the next several months. Oʻahu customers will start seeing higher April bills, followed by Hawaiʻi Island and Maui County customers who will see increases in May and June.
To help ease the impact and provide greater financial flexibility, starting April 6, Hawaiian Electric is offering options to help smooth short-term billing spikes, including interest-free payment plans for up to six months. Customers service representatives are ready to assist in helping to create the best plan based on individual needs.
Options are available to help customers manage their energy bills, including payment arrangements. Links to resources are available at hawaiianelectric.com.
