California's Cap-and-Trade Program Continues
to Reduce the State's Reliance on Fossil Fuels and Benefit PG&E
Customers
OAKLAND,
Calif., Sept. 16, 2024 /PRNewswire/
-- In October, millions of residential and
eligible small business customers will receive the California
Climate Credit on their Pacific Gas and Electric Company (PG&E)
electric bill. Customers do not need to do anything to receive the
credit.
Residential households with an active electric account
will receive an electric credit of $55.17, the same amount they received in the
spring. The twice-a-year electric credit was first delivered in
April, in addition to an annual natural gas credit of $85.46 for residential customers with a natural
gas account. Combined-use customers' total bill credits for 2024 is
$195.80.
Eligible small business customers will
receive the electric credit in October, bringing their total bill
credits for 2024 to $110.34.
"This credit is a 'win-win' for our customers. The
California Climate Credit helps reduce customers energy bills and
our state's greenhouse gas emissions," said Vincent Davis, PG&E Senior Vice President,
Customer Experience.
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). The California Climate Credit
is a direct result of the state's nation-leading
Cap-and-Trade Program that requires polluters to
pay for climate pollution. The bill credit is designed to help
utility customers during the transition to a more
sustainable future.
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.
Income-eligible Assistance
Programs
- California Alternate Rates for Energy:
provides a monthly discount of 20% or more on gas and electricity
bills.
- Family Electric Rate Assistance
(FERA): provides a monthly discount of
18% on electricity for households of three or more
people.
- Energy Savings Assistance (ESA): provides
energy-savings improvements at no charge.
- Low Income Energy Assistance Program
(LIHEAP): a federally funded
assistance program overseen by the state that offers a one-time
payment up to $1,000 on past due
bills to help low-income households pay for heating or cooling in
their homes.
Other programs include Medical
Baseline, which offers a lower monthly rate for
customers with certain medical conditions.
For more ways to manage your monthly bills and prepare
your home for cooler temperatures 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