PG&E announced that the California Public Utilities Commission has approved a new California Climate Credit that will be automatically applied to its customers’ bills in April. The credit provides a $46.26 natural‑gas credit to residential customers with active gas accounts and a $36.18 electric credit to eligible small‑business customers, while small‑business customers do not receive a natural‑gas credit.
The credit is part of the state’s Cap‑and‑Invest Program, overseen by the California Air Resources Board, and is distributed by PG&E as directed by the CPUC. The program is designed to return a portion of the proceeds from California’s cap‑and‑trade system directly to consumers, providing immediate bill relief and supporting the state’s clean‑energy goals.
The CPUC had previously considered shifting the residential electric credit to higher‑usage months, targeting August and September for most electric customers and February for natural‑gas customers, with a final decision expected in spring. The new credit is expected to benefit millions of PG&E customers and reinforce the company’s compliance with state climate policy.
PG&E has not issued a statement regarding the credit’s impact on its financials, but the approval reflects the company’s ongoing efforts to meet regulatory requirements while providing direct savings to its customer base.
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