Fall Energy Bills to Include $55.17 California Climate Credit for PG&E Electric Customers

Rhea-AI Summary

Pacific Gas and Electric Company (PG&E) announced that millions of residential and eligible small business customers will receive a $55.17 California Climate Credit on their October electric bills. This credit is part of California's efforts to combat climate change and is funded by the state's Cap-and-Trade Program. Residential customers will receive a total of $195.80 in credits for 2024, including the spring electric credit and an annual natural gas credit. Eligible small businesses will receive $110.34 in total credits for the year.

PG&E also highlighted various income-eligible assistance programs available to customers, including California Alternate Rates for Energy (CARE), Family Electric Rate Assistance (FERA), Energy Savings Assistance (ESA), and the Low Income Energy Assistance Program (LIHEAP). These programs offer discounts and energy-saving improvements to help customers manage their energy costs and contribute to a sustainable future.

Positive

• PG&E customers to receive $55.17 California Climate Credit in October
• Residential customers to receive total credits of $195.80 for 2024
• Small business customers to receive total credits of $110.34 for 2024
• Credit helps reduce customer energy bills and state's greenhouse gas emissions

Negative

• None.

California's Cap-and-Trade Program Continues to Reduce the State's Reliance on Fossil Fuels and Benefit PG&E Customers

OAKLAND, Calif., Sept. 16, 2024 /PRNewswire/ -- In October, millions of residential and eligible small business customers will receive the California Climate Credit on their Pacific Gas and Electric Company (PG&E) electric bill. Customers do not need to do anything to receive the credit.

Residential households with an active electric account will receive an electric credit of $55.17, the same amount they received in the spring. The twice-a-year electric credit was first delivered in April, in addition to an annual natural gas credit of $85.46 for residential customers with a natural gas account. Combined-use customers' total bill credits for 2024 is $195.80. 

Eligible small business customers will receive the electric credit in October, bringing their total bill credits for 2024 to $110.34.

"This credit is a 'win-win' for our customers. The California Climate Credit helps reduce customers energy bills and our state's greenhouse gas emissions," said Vincent Davis, PG&E Senior Vice President, Customer Experience. 

The California Climate Credit is part of the state's efforts to fight climate change and is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC). The California Climate Credit is a direct result of the state's nation-leading Cap-and-Trade Program that requires polluters to pay for climate pollution. The bill credit is designed to help utility customers during the transition to a more sustainable future.  

In addition to the California Climate Credit, customers are encouraged to explore other ways to save energy, reduce costs on monthly bills, and contribute to building a sustainable future.

Income-eligible Assistance Programs

• California Alternate Rates for Energy: provides a monthly discount of 20% or more on gas and electricity bills.
• Family Electric Rate Assistance (FERA): provides a monthly discount of 18% on electricity for households of three or more people.
• Energy Savings Assistance (ESA): provides energy-savings improvements at no charge.
• Low Income Energy Assistance Program (LIHEAP): a federally funded assistance program overseen by the state that offers a one-time payment up to $1,000 on past due bills to help low-income households pay for heating or cooling in their homes. 

Other programs include Medical Baseline, which offers a lower monthly rate for customers with certain medical conditions.

For more ways to manage your monthly bills and prepare your home for cooler temperatures visit: Save Energy & Money. 

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news  

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SOURCE Pacific Gas and Electric Company

FAQ

What is the amount of the California Climate Credit for PG&E electric customers in October 2024?

PG&E electric customers will receive a California Climate Credit of $55.17 on their October 2024 bills.

How much will PG&E residential customers receive in total climate credits for 2024?

PG&E residential customers will receive a total of $195.80 in climate credits for 2024, including electric and natural gas credits.

What assistance programs does PG&E (PCG) offer for income-eligible customers?

PG&E offers several assistance programs, including CARE (20% or more discount), FERA (18% discount on electricity), ESA (free energy-saving improvements), and LIHEAP (up to $1,000 on past due bills).

How is the California Climate Credit funded for PG&E (PCG) customers?

The California Climate Credit is funded through the state's Cap-and-Trade Program, which requires polluters to pay for climate pollution.