SCE Brings Customers 2026 Bill Relief with California Climate Credit, Lower Rates

Key Terms

time-of-use financial

Time-of-use is a pricing approach that charges different rates for a service depending on the time of day, with higher prices during peak demand and lower prices during off-peak hours—think of it like rush-hour tolls for electricity or other utilities. Investors care because it changes consumer behavior, shifts when and how much customers use a service, and can alter company revenue patterns, infrastructure needs, and the value of flexible technologies like batteries or smart meters.

demand response technical

Demand response is a program or market mechanism where electricity users are paid or incentivized to reduce or shift their power use when the grid is stressed or prices are high, similar to turning down nonessential appliances during a heat wave to ease a traffic jam. It matters to investors because it can lower peak energy costs, affect utility revenues and market prices, and create opportunities for companies that provide the software, equipment, or services that enable those load changes.

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A $72 summer credit and an average rate decrease of 4.3% help ease electricity costs.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- Millions of Southern California Edison customers are receiving a combined $72 credit on their summer electricity bills, applied automatically during August and September when energy use is high.

No action is required to receive the climate credit, which the California Public Utilities Commission shifted to peak summer months this year to help provide bill relief when it’s needed most.

The credit adds to a year of savings for SCE customers, with rates down an average of 4.3% so far in 2026 compared to last December. A further decrease is expected later this year.

“We know families and businesses are facing higher costs for everyday essentials,” said SCE President and CEO Steve Powell. “The climate credit provides direct savings on summer bills and, together with lower electricity rates this year, helps make energy more affordable for customers.”

Several factors contributed to lower rates in 2026, including updates to how past energy costs are shared between customers and the removal of other charges from rates.

SCE expects future rate updates to track at or below local inflation on average through 2030. As more homes and businesses use electricity, fixed costs can be spread across greater energy consumption, helping keep future rate increases in check.

“We work every day to help customers save on their electric bills while investing in a more reliable, resilient grid,” said Powell.

Delivering Savings Throughout the Year

SCE continues to help customers manage costs with energy savings programs, bill assistance, rebates and tools that make it easier to use energy efficiently:

• Time-of-Use rate plans help customers shift electricity use to lower-cost times.
• Demand Response programs reward customers for reducing electricity use during peak demand.
• Electric vehicle rebates help customers make EV ownership more affordable.
• SCE’s Rate Plan Comparison Tool helps customers make informed choices.
• Nearly one-third of SCE’s residential customers receive discounts of 32.5% for California Alternate Rates for Energy or 18% for Family Electric Rate Assistance.
• Other programs include one-time bill assistance grants through the Energy Assistance Fund, bill forgiveness, payment arrangements, and online tools such as Budget Assistant.
• In 2025, nearly 2 million customers used SCE programs and rebates to save approximately $1.1 billion. Learn more about these opportunities and how SCE works to help customers save on their electric bills.

About the California Climate Credit

Funding for the climate credit comes from revenues generated through California's Cap-and-Invest program, which requires power plants, fuel suppliers and large industrial facilities that emit greenhouse gases to buy carbon pollution allowances. The California Public Utilities Commission implements the climate credit program, which investor-owned utilities deliver through customer bills.

SCE supports California's clean energy goals and ongoing efforts to reduce greenhouse gas emissions while maintaining a reliable electric system.

Residential customers will receive two $36 credits in 2026 — one in August and another in September. Billing cycles vary, so some customers may see the credit in the following month’s statement.

The timing of electric climate credits for eligible small business and industrial customers remains unchanged. Small business customers continue to receive credits in April and October, while industrial facilities receive an annual Industry Assistance Credit each April.

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million through more than 4.5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260826319164/en/

Media Relations: 626-302-2255
news@sce.com

Investor Relations: Sam Ramraj, 626-302-2540

Source: Southern California Edison