Fall Savings: Energy Bills to Include $58 California Climate Credit for PG&E Customers

Rhea-AI Summary

PG&E (NYSE:PCG) announced that residential and eligible small business customers will receive a $58.23 California Climate Credit on their October electric bills. This credit is part of the state's Cap-and-Trade Program aimed at reducing carbon emissions.

Residential customers with both gas and electric service will receive total credits of $183.49 in 2025, including a $67.03 natural gas credit. Small business customers will receive $116.46 in annual credits. Since 2014, PG&E customers have received an average of $1,000 in Climate Credits, with statewide benefits totaling over $12.9 billion.

The company also highlighted various assistance programs including the Match My Payment Program offering up to $1,000 in matching funds, REACH providing up to $300 in credits, and LIHEAP offering up to $1,500 for heating and cooling assistance.

Positive

• Automatic credit of $58.23 for residential customers in October 2025
• Total annual climate credits of $183.49 for residential customers with both gas and electric service
• $116.46 in annual credits for eligible small business customers
• Multiple financial assistance programs offering up to $1,500 in support

Negative

• None.

News Market Reaction

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On the day this news was published, PCG declined 0.71%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

California's Cap-and-Trade Program Provides up to $183 in Total Customer Benefits in 2025 While Reducing Dependence on Fossil Fuels

OAKLAND, Calif., Sept. 15, 2025 /PRNewswire/ -- In October, millions of residential and eligible small business customers will see a California Climate Credit automatically applied to their Pacific Gas and Electric Company (PG&E) electric bill. No action is required to receive the credit.

Residential households with an active electric account will receive an electric credit of $58.23, 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 $67.03 for residential customers with a natural gas account. Total bill credits for residential customers receiving both gas and electric service from PG&E in 2025 is $183.49. 

Eligible small business customers will also receive the electric credit in October, following an identical credit that was applied in April. In total, they will see $116.46 in annual bill credits.

The California Climate Credit reflects the public's share of the state's efforts to cut carbon emissions through the Cap-and-Trade Program, overseen by the California Air Resources Board. It is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC).

"This credit helps ease energy costs for our customers and reinforces our commitment to a more sustainable and climate-resilient energy future," said Vincent Davis, Senior Vice President, Customer Experience.

Since 2014, the CPUC calculates PG&E residential and small business customers have received an average of $1,000 in California Climate Credits on their utility bills, totaling more than $12.9 billion in Cap-and-Trade Program benefits statewide.

Customer Support Available

PG&E offers a variety of ways to save energy and reduce monthly bills. Customers are encouraged to sign up for a free personal energy coach with the HomeIntel program, enroll in the Budget Billing program, and check that they are on the lowest-cost rate plan for their home or business.  

Customers can find their lowest rate simply by logging into their PG&E online account and using the Rate Comparison tool. Ensuring customers are on the lowest-cost rate for their household or business can help them manage energy costs and potentially reduce their monthly bills.

Personalized recommendations for financial assistance, bill management programs and other resources can be found using an online Savings Finder tool, taking a Home Energy Checkup,

or visiting Save Energy & Money. 

Energy Efficiency DIY Toolkit 

Did you know you can lower energy bills and save money by building an Energy Efficiency DIY Toolkit? With an investment in energy-efficient materials, customers can save hundreds of dollars each year.

Income-eligible Assistance Programs

• PG&E Match My Payment Program: offers a dollar-for-dollar match, up to $1,000, for qualifying low-to moderate-income customers to pay past-due bills to prevent service disconnections. Customers must make at least a $50 payment toward their outstanding bill each time to receive matching dollars.
• Relief for Energy Assistance through Community Help (REACH): offers a one-time energy credit for income-eligible customers of up to $300 based on a past-due balance.
• Low Income Energy Assistance Program (LIHEAP): a federally funded assistance program overseen by the state that offers a one-time payment up to $1,500 on past due bills to help low-income households pay for heating or cooling in their homes.
• Energy Savings Assistance (ESA): provides energy-savings improvements at no charge.
• Arrearage Management Plan (AMP): a debt forgiveness plan for eligible residential customers.
• Family Electric Rate Assistance (FERA): new guidelines provide a monthly discount of 18% on electricity, regardless of household size.  
• California Alternate Rates for Energy (CARE): offers a monthly discount of 20% on gas and an average of about 35% on electric bills (compared to non-CARE bundled customers).

Other programs include Medical Baseline, which offers a reduction on energy bills for customers who depend on power for certain medical needs.

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

How much is the PG&E California Climate Credit for October 2025?

The PG&E California Climate Credit for October 2025 is $58.23 for residential customers with an active electric account.

What is the total amount of California Climate Credits PG&E customers will receive in 2025?

PG&E customers with both gas and electric service will receive $183.49 in total climate credits in 2025, including two electric credits of $58.23 each and an annual natural gas credit of $67.03.

How much have PG&E customers received in California Climate Credits since 2014?

Since 2014, PG&E residential and small business customers have received an average of $1,000 in California Climate Credits, part of $12.9 billion in total statewide Cap-and-Trade Program benefits.

What financial assistance programs does PG&E offer for customers?

PG&E offers several programs including the Match My Payment Program (up to $1,000 matching), REACH (up to $300 credit), LIHEAP (up to $1,500), CARE (20-35% discount), and FERA (18% electricity discount).

How do PG&E customers receive the California Climate Credit?

The California Climate Credit is automatically applied to PG&E bills for residential and eligible small business customers with active electric accounts. No action is required to receive the credit.