The electricity bill is one of the most common headaches for citizens. Now, more than 11.5 million Californians will receive an automatic refund on their electricity bills this month. These are automatic refunds through the California Climate Credit program, funded by major polluting companies through the payment of fees. This is part of the state program aimed at reducing greenhouse gas emissions.
This California Climate Credit applies to customers of PG&E, San Diego Gas & Electric, Southern California Gas Company, and Southwest Gas
This benefit has been in place in the state for more than ten years. Every spring and fall, millions of California residents receive the California Climate Credit on their electricity and natural gas bills. Who receives the income? This California Climate Credit applies to customers of PG&E, San Diego Gas & Electric, Southern California Gas Company, and Southwest Gas. Governor Gavin Newsom recently declared that the fall credit cycle will result in savings of more than $700 million for families and an additional $60 million for small businesses.
The typical rebate for a residential customer will be around $61, although actual rebates vary significantly among utility companies
This credit is designed to give households their share of the savings from a state program aimed at reducing greenhouse gas emissions. The typical rebate for a residential customer will be around $61, although actual rebates vary significantly among utility companies. Since its launch in 2014, the program has already returned more than $14.6 billion to the pockets of California utility customers, according to the governor’s office.
Statistics: Pacific Power customers will see the biggest credit of around $259
Refund amounts vary. Refunds range from $35 to $259, and most families will receive a credit of between $56 and $81 this month. A similar refund was issued in the spring, and this is the second round of savings for the year. According to the statistics, specifically: Pacific Power customers will see the biggest credit of around $259; San Diego Gas & Electric (SDG&E) customers will see around $81; Southern California Edison homes will see around $56; PG&E customers will receive just over $58; and smaller ones such as Bear Valley Electric and Liberty Utilities cost between $34 and $63. It is important for each customer to check their situation and contract with official sources.
The credits are funded through the state’s “Cap-and-Invest” program
According to the official statement from the Governor’s Office, Gavin Newsom stated that “millions of California families will receive a refund on their electricity bills in October, and that refund will be even bigger next year thanks to the new laws I signed last week.” The credits are funded through the state’s “Cap-and-Invest” program, which charges fees to oil producers and other major polluters for their emissions. Some of the money is then returned to utility customers in semiannual payments.
“Up to $60 billion will be returned to their pockets, reducing their electricity bills”
In addition, Gavin Newson has also said that: “Up to $60 billion will be returned to their pockets, reducing their electricity bills while we maintain our historic drive to move away from polluting fossil fuels.” These payments, which require no administration from customers, will be automatically credited to their October electricity bills.
“This program offers Californians a return on our transition to clean energy”
According to official sources, the legislation establishes that the program will remain in effect until 2045, with an investment that could reach $60 billion in electric bill refunds over the next two decades. “This program offers Californians a return on our transition to clean energy,” Newsom said in the statement. “It’s real relief for utility bills at a time when costs remain high.”
