12-16-2018, 04:34 AM
Rates will never drop as long as the PUC allows HELCO to purchase high priced electricity from producers like the biomass plant, solar farms, wind farms, etc, that sell the power at inflated rates compared to what similar mainland power producers sell it for. If you were HELCO, wouldn't you go for a 50% markup on 20 cent per KWH over 8 cent per KWH which is what PGV stated they would be willing to produce it at?