Yippee! We are number one……Oh, wait, that is not good.

The Honolulu Advertiser recently reported that new information from the federal government indicated that Hawaii residents paid the highest rates for electricity in the country in 2010.

The U.S. Energy Information Administration says the average price in Hawaii that year was 25.1 cents per kilowatt-hour. Electricity costs in Hawaii topped the nation at 25.12 cents per kilowatt-hour in 2010, up 79 percent from 14.03 cents a kilowatt-hour in 2000, according to the U.S. Energy Information Administration.

During the same period the average price of electricity nationally rose to 9.83 cents a kilowatt-hour from 6.81 cents a kilowatt-hour, an increase of 41.9 percent.

Reportedly, in 2000, Hawaii residents paid 14 cents per kilowatt-hour for electricity. The increase in rates is blamed on the higher use of higher priced petroleum products.

Things are only getting worse, as the Honolulu advertiser recently reported that the Oahu rate rose to 35.10 cents a kilowatt hour in December 2011 from 24.85 cents a kilowatt hour a year earlier, an increase of 41 percent.

Bottom line…….The expectation of ongoing high electric rates needs to be a forefront of every homeowners mind as we move forward……and being number one is not always the best……..Aloha, Jon.

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