Utility bills may be cheaper for Californians thanks to the state’s Cap-and-Trade Program.
The climate credit provides ratepayers with their share of the benefits from the state program, which focuses on reducing the state’s overall greenhouse gas emissions. On average, Californians can expect to see a $146 credit on their April gas and electricity bills, Gov. Gavin Newsom announced Monday.
Electricity bill rebates will range from $32 to $175 and $58 to $86 for natural gas bills.
Residents don’t need to do anything to receive the credit, which will automatically apply to their utility bills.
“Every year, California’s nation-leading climate laws deliver real climate action while giving you money back on your utility bills,” Newsom said in a statement. “This relief will support millions of California families.”
The “climate credit” will benefit residential customers of PG&E, Southern California Edison, San Diego Gas & Electric, Southern California Gas Company, Bear Valley, Liberty, PacifiCorp, and Southwest Gas.
Californians can check to see how much their credit will be here.
Residents can also expect to see another “climate credit” on their electric and gas bills in October.
Since 2014, California households have already received an average of $971 in combined automatic April and October climate credits on their utility bills, totaling more than $14 billion statewide, according to the governor’s office.