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Wednesday, Feb 28, 2024

The California Climate Credit Explained

Every spring and fall, millions of California residents receive credits on their electric and natural gas bills identified as the “California Climate Credit.” The California Climate Credit is part of California’s efforts to fight climate change.

Most residents receive a natural gas credit in April, and electric credits in April and October.  For 2023, the Commission has accelerated the distribution of the residential spring electric and natural gas California Climate Credits. The climate credit provides ratepayers with their share of the benefits of California’s Cap-and-Trade Program. Accelerating the California Climate Credit will help mitigate large and unexpected bill increases resulting from higher natural gas prices this winter season.

Credits are given by the following participating investor-owned electric and gas companies:

  • PG&E
  • SDG&E
  • SCE
  • Pacific Power (PacifiCorp)
  • Liberty Utilities (CalPeco Electric)
  • Bear Valley Electric Service
  • SoCalGas

If you did not receive your electric and natural gas California Climate Credits in April 2023, contact your utility company.  Electric customers should have received another credit in October 2023.

To learn more about the Climate Credit, please visit www.cpuc.ca.gov/climatecredit.

Source: The California Public Utilities Commission

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