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"In a press release, the utility said part of the increase would be used to fund grid modernization efforts, repairs to facilities damaged by the Kilauea eruption and increasing operation at power plants due to the loss of Puna Geothermal Venture, increased vegetation management, repairing and repowering the Waiau hydro plant, enhancing cybersecurity, and equipment upgrades or repairs."
[...]
"On Thursday, HELCO President Jay Ignacio said he hadn’t done an analysis, but he doesn’t think losing PGV had a significant impact on rates since most of the power purchased from the plant is already tied to the price of oil."
So which is true?
Bat charged. Its all about the estimate 222 check ur bill tiny print next.
Sheesh, if anything, there should be LESS maintenance/upkeep since a lot just gone .. never be seen again.
Now I've explained myself. How about you join in the conversation and post something about the subject Tom. What's your opinion? So far, you've posted nothing in this thread that discusses the subject,
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RWR slurred:
"Its all about the estimate 222 vjeck ur bill ..sheesj if anything, theybha LESS maintenance /upkeep since a lot just gone .. never to n
Be"
Thanks. Very helpful.
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I hope their grid modernization efforts will remove the excuses for not feeding more rooftop solar back into the grid. Better grid isolation, battery storage of various technologies, etc. Is there a public forum where we can ask these questions, or have the PUC ask them for us?
I've also read our island is almost 50% renewable, at what percentage can we finally expect rates to drop?
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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?
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500 kilowatt hours of Helco power a month is HUGE .
We have PV and grid power and our monthly bill has dropped by 45 percent on average - month in month out .
The Trump deal was for corporate - not consumers .
Helco will always need to up grade and keep the share holders happy at an average of 2.1 percent yearly in dividends .
Utilities are one of the better stocks / shares to own in a long term hold as they seldom lose money.Always look at the P/E ratio going back 15 to 20 yrs when investing in utilities .
Lucky we live Hawaii Nei .
Mrs.Mimosa
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@leilani...
"that sell the power at inflated rates compared to what similar mainland power producers sell it for"...
what do these mainland producers sell it for?
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Previous posts by Mimosa.
We have PV and grid power and our monthly bill has dropped by 45 percent on average
We do not have HELLCO - we make our own,off grid.Have power to spare,small hydro,12 volt solar and 2 gen sets.
We have solar PV and a large Gen set back up - so never need to deal with HELL CO or glitches or even a monthly bill .
we live on pavement on Rd 8 in H.A.and have both solar and HELCO
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"I've also read our island is almost 50% renewable, at what percentage can we finally expect rates to drop?"
At current fossil fuel prices, never. The inverse is probably true, the closer we get to 100% renewable with current technologies, the higher our bills will be.
Waiting on Tom Kerr s "helpful reply" maybe still sleeping it off?
