HECO, which serves as electricity retailer to 95% of Hawaii’s 1.4 million residents, claims its plan will see Hawaii sourcing 65% of its electricity from renewables by 2030 – up from about 18% today – while also gradually building up a fleet of quick-start gas plants.
That, in turn, will lead to a 20% reduction in electricity bills in the state with the highest power prices in the nation, HECO believes, as Hawaii weans itself off expensive imports of oil, which currently account for the majority of electricity generation.
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