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Climate Credit from State Program Will Lower Bills this Month
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Electric Residential and Eligible Business Customers Will Receive $39.30Bill Credit
OAKLAND, Calif.--(BUSINESS WIRE)--
More than 5 million Pacific Gas and Electric Company (PG&E) electric customers will automatically receive the California Climate Credit on their energy bill this month. The credit was created by the California Public Utilities Commission (CPUC) as part of the state’s efforts to fight climate change. PG&E is pleased to administer the credit in a timely manner to help reduce customer energy bills this month.
In addition to residential customers, eligible business customers will be receiving the California Climate Credit for the first time.
Residential electric customers will receive a credit of $39.30 on their October bills, compared to last fall’s credit of $17. This is the second credit of the year for residential households. In April, natural gas residential customers received a credit of $47.83 and electric residential customers received a credit of $39.30.
Customers with both services saw a total credit of $87.13 in April so including the October credit of $39.30, the total credit for this year will be more than $126.
For the first time, small business electric customers also will receive a credit of $39.30. Eligible small business customers might receive double the credit amount if they qualify for both 2022 (April and October) credits. Starting in 2023, eligible business customers will receive the credit twice a year along with residential customers.
The California Climate Credit is one of many programs developed as part of the Global Warming Solutions Act of 2006. It requires power plants, natural gas providers, and other large industries that emit greenhouse gases to buy carbon pollution permits. This credit represents customers’ share of the payments from the state’s program.
Additional Ways to Reduce Energy Bills
PG&E offers various programs to help customers save money and energy.
Medical Baseline provides a lower monthly rate for customers with special energy needs due to certain medical conditions.
Budget Billing averages out energy costs for more predictable monthly payments and eliminates big spikes in bills due to seasonal changes.
Bill Forecast Alerts are notifications sent by email, text or phone notifying the customer if their monthly bill is expected to exceed a specific amount set by the customer.
Smart devices also can help customers manage energy use and costs. This year, new participants in PG&E’s SmartAC program receive $75 for existing thermostats or $120 off a purchase of a new thermostat. The voluntary program helps enhance grid reliability by encouraging participants to shift energy use out of the hours when it’s most in demand.
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
pg&e corporation, through its subsidiary, pacific gas and electric company, engages in the sale and delivery of electricity and natural gas to customers in northern and central california, the united states. it generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. as of december 31, 2019, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines, 33 electric transmission substations, approximately 107,000 circuit miles of distribution lines, 68 transmission switching substations, and 760 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,300 miles of distribution pipelines, approximately 6,300 miles of backbone and local transmission pipelines, and various storage facilities. it serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. the company