PG&E Customers to Receive $38.39 Bill Credit Under California Climate Credit Program

Strategic Insights -

Pacific Gas and Electric Company (PG&E) announced that more than five million of its customers will automatically receive the California Climate Credit on their energy bill for the second time this year. This credit is part of California's efforts to combat climate change and is distributed by PG&E to its customers. The credit is funded by 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.

Residential electric households will receive a credit of $38.39 on their October bills, the same amount provided during March. This credit is designed to help utility customers during the transition to a low-carbon future. Residential natural gas households also received a credit of $52.78 earlier this year. Combined-use customers will receive a total bill credit of $129.56 for 2023.

Eligible small business customers will receive the same electric credit, in the same amount as residential customers, twice a year. PG&E encourages customers to explore additional financial assistance and energy-saving programs, such as CARE (California Alternate Rates for Energy) and the Medical Baseline program, to help manage their energy costs.

Key Takeaways:

  • Pacific Gas and Electric Company (PG&E) will distribute the California Climate Credit to over 5 million customers, providing a $38.39 credit to residential electric households and a $52.78 credit to residential natural gas households.
  • The credit is part of California's efforts to combat climate change and is funded by the California Cap-and-Trade Program.
  • Combined-use customers will receive a total bill credit of $129.56 for 2023.
  • Eligible small business customers will receive the same electric credit, in the same amount as residential customers, twice a year.
  • Customers can explore additional financial assistance and energy-saving programs, such as:

+ CARE (California Alternate Rates for Energy) - a 20% or more discount on gas and electricity bills.

+ Family Electric Rate Assistance (FERA) - an 18% monthly discount on electricity bills for households with 3+ people.

+ Medical Baseline program - an additional monthly allotment of power or a discount based on medical conditions.

+ Budget Billing - averages out energy costs for more predictable monthly payments.

+ High Usage Alerts - notifications when monthly bills are expected to exceed a set amount.

Statistics:

  • Over 5 million PG&E customers will receive the California Climate Credit.
  • Residential electric households will receive a $38.39 credit on their October bills.
  • Residential natural gas households will receive a $52.78 credit.
  • Combined-use customers will receive a total bill credit of $129.56 for 2023.
  • Eligible small business customers will receive the same electric credit, in the same amount as residential customers, twice a year.

Sources:

  • Pacific Gas and Electric Company (PG&E)
  • California Climate Credit
  • California Cap-and-Trade Program
  • CARE (California Alternate Rates for Energy)
  • Family Electric Rate Assistance (FERA)
  • Medical Baseline program
  • Budget Billing
  • High Usage Alerts