Commercial electricity and gas rates, energy market structure, regulations, and utility providers for property managers operating in Hawaii.
Hawaii has a regulated electricity market served by Hawaiian Electric (HECO), which covers Oahu, Maui, and Hawaii Island. Commercial customers cannot choose their electricity supplier. Hawaii has the highest commercial electricity rates in the nation due to its dependence on imported petroleum for generation, though aggressive solar deployment is gradually reducing costs.
What this means for property managers:
In Hawaii's regulated market, your utility provides both generation and distribution at rates set by the state public utility commission. While you cannot choose your electricity supplier, you can optimize costs through rate schedule analysis, demand management, and participation in utility efficiency programs.
Rates are set by the public utility commission. No supplier choice available.
Falling
Rates trending downward for the first time in decades as solar penetration reaches 35% of generation, reducing expensive petroleum-based generation. However, rates remain the highest in the nation.
Hawaii has enacted the nation's first 100% renewable portfolio standard (by 2045). The state's Clean Energy Initiative drives commercial building electrification and solar adoption. Honolulu has adopted commercial building energy benchmarking requirements for buildings over 25,000 sqft. Hawaii's grid integration challenges create unique demand charge structures for commercial solar-plus-storage systems.
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