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California's Cap-and-Trade Program Continues to Benefit PG&E Customers through the California Climate Credit
March 12, 2024 - OAKLAND, Calif. - PRNewswire - In April, more than five million Pacific Gas and Electric Company (PG&E) customers will automatically receive the California Climate Credit on their energy bill.
Residential households with an active electric account will automatically receive an electric credit of $55.17, an increase from last year's credit of $38.39. Residential households with an active gas account will automatically receive a credit of $85.46, an increase from the $52.78 credit in 2023. That is a total credit of $140.63 for customers receiving both gas and electric service from PG&E.
"This credit highlights our partnership with the state to champion environmental responsibility," said Vincent Davis, Senior Vice President, Customer Experience. "It encourages sustainable practices, moving our communities toward a brighter, greener future."
The California Climate Credit is part of the state's efforts to fight climate change and is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC). This credit is from the California Cap-and-Trade Program, which requires power plants, fuel providers, and large industrial facilities that emit greenhouse gases to buy carbon pollution allowances. The bill credit is designed to help utility customers during the transition to a low-carbon future.
Residential customers receive biannual electric credits during April and October, while natural gas customers receive an annual credit in April. Eligible small business customers receive identical electric credits, distributed twice a year. Both sets of customers will receive the second electric credit in October. PG&E will also distribute over $36 million to eligible industrial customers on behalf of the CPUC. Eligibility requirements and other details are online here.
In addition to the California Climate Credit, customers are encouraged to explore other ways to save energy, reduce costs on monthly bills, and contribute to building a sustainable future.
PG&E Assistance Programs for Income-eligible Customers
- California Alternate Rates for Energy (CARE): offers a discount of 20% or more each month on energy bills.
- Family Electric Rate Assistance (FERA): offers a monthly discount of 18% on electricity bills for households with three or more people.
- Energy Savings Assistance (ESA): provides energy-saving improvements at no charge.
- Relief for Energy Assistance through Community Help (REACH): offers a one-time energy credit of up to $1,000, doubling the previous amount of up to $500 based on past due balances. This is to help with sudden hardship and to prevent service disconnections.
- Low Income Home Energy Assistance (LIHEAP): a federally funded assistance program overseen by the state that offers a one-time payment to help low-income households pay for heating or cooling in their homes, provides emergency assistance in energy crises, and home weatherization.
PG&E's Energy Efficiency DIY Tool Kit
Did you know you can lower energy bills and save money with PG&E's Energy Efficiency DIY tool kit? With a $200 investment in energy-efficient materials, customers can save nearly $1,000 each year.
For more ways to manage your monthly bills, visit: Save Energy & Money.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news
Source: PG&E
