Since 2014, the state’s Cap-and-Trade program has delivered $10.9 billion in bill credits back to utility customers. This year, California will provide a total of $2.4 billion in residential credits – $1.4 billion for electric customers, $1 billion for natural gas customers, and an additional $122 million for small businesses.
The credits range from $35 to $259 for electricity bills – with most set to receive $56 to $81 – and approximately $54 to $87 on natural gas bills for residential customers of PG&E, San Diego Gas & Electric, Southern California Gas Company, and Southwest Gas. Californians can check how much their credit will be here.
Californians do not need to do anything to get the credit. The California Climate Credit comes from the State’s Cap-and-Trade Program managed by the California Air Resources Board. The credit on utility bills represents the consumer’s share of the payments from the State’s program.
In addition to utility bill credits, California’s Cap-and-Trade program has funded $28 billion in climate investments delivering more than half a million projects across the state, supporting 30,000 jobs and cutting millions of tons of carbon emissions. The investments include a wide range of solutions such as putting affordable housing near job centers, building the nation’s first high-speed rail, and adding zero-emission transportation options in underserved communities.