California's
Cap-and-Trade Program Continues to Benefit PG&E Customers
through the California Climate Credit
OAKLAND,
Calif., March 11, 2024 /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
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SOURCE Pacific Gas and Electric Company