Millions of Pacific Gas and Electric Company (PG&E) customers will automatically receive the California Climate Credit on their April energy bill.
Residential households with an active electric account will receive an electric credit of $58.23. Residential households with an active gas account will receive a credit of $67.03. Customers receiving both gas and electric service from PG&E will receive a total April credit of $125.26.
Residential and eligible small business customers receive identical electric credits in April and October. Residential natural gas customers receive a credit in April.
The California Climate Credit is funded by the state’s Cap-and-Trade Program. It is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC). The Cap-and-Trade Program requires companies to pay for (certain) emissions. Revenue from the program is also used by the state to improve public health and the environment and provide meaningful benefits to the most disadvantaged communities. The bill credit is designed to help customers during the transition to a more sustainable future.
Since 2014, the CPUC calculates PG&E residential customers have received an average of nearly $1,000 in California Climate Credits, totaling more than $12.9 billion in Cap-and-Trade Program benefits statewide.