California Climate Credit
Every spring and fall, millions of California residents receive credits on their electric and natural gas bills identified as the “California Climate Credit.” The California Climate Credit is part of California’s efforts to fight climate change.
The climate credit provides ratepayers with their share of the benefits of California’s Cap-and-Trade Program. Usually, these credits are distributed twice a year, in April and October. Most residents receive a natural gas credit in April, and electric credits in April and October. In 2023, the Commission accelerated the distribution of the residential spring electric and natural gas California Climate Credits to help mitigate large and unexpected winter bills. For 2024, the Climate Credit will return to its normal April and October distribution.
2024 Residential California Climate Credit Schedules – Electric & Natural Gas
2024 Electric California Climate Credit Schedule
| April | May | June | July | Aug | Sept | Oct | |
| PG&E | $55.17 | $55.17 | |||||
| SCE | $86.00 | $86.00 | |||||
| SDG&E | $78.22 | $78.22 | |||||
| Bear Valley | $32.24 | $32.24 | |||||
| Liberty | $131.01 | $131.01 | |||||
| Pacific Power |
$174.25 | $174.25 |
Residential Natural Gas California Climate Credit
In 2024, the Natural Gas California Climate Credit will be distributed in April.
|
2018‡ |
2019 |
2020 |
2021 | 2022 | 2023 | 2024 |
Total Value Received Per Household 2018-2024 |
|
|
PG&E |
$30 |
$25 |
$27 |
$25 | $48 | $53 | $85.46 |
$293 |
|
SDG&E |
* |
$34 |
$21 |
$18 | $43 | $43 | $58.98 |
$221 |
|
Southwest Gas |
$22 |
$25 |
$27 |
$28 | $49 | $56 | $75.19 |
$282 |
|
SoCalGas |
* |
$50 |
$26 |
$22 | $44 | $51 | $73.41 |
$267 |
Prior-Years rounded to the nearest dollar.
*These utilities issued the 2018 credit with the 2019 credit in April 2019.
‡The 2018 PG&E and SoCalGas credits also include any 2015-2017 allowance proceeds that exceeded compliance costs over the same period. Since Southwest Gas and SDG&E did not have net proceeds exceed net compliance costs for this period, these utilities had no net proceeds to roll forward into 2018. PG&E's 2018 credit reflected proceeds accrued over the 2015-2018 period. As SoCalGas postponed the return of the 2018 credit until 2019, SoCalGas's 2019 credit was composed of proceeds accrued over the 2015-2019 period.
Past Electric California Climate Credits
Values rounded to the nearest dollar; total column at right may not equal sum of values due to rounding.
Total column at right includes both annual credits, twice the sum of individual credit values in row.
|
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 | 2021 | 2022 | 2023 |
Total Value Received Per Household 2014-2023 |
|
PG&E |
$30 |
$25 |
$28 |
$17 |
$39 |
$28 |
$36 | $17 | $39 | $39 |
$598 |
|
SCE |
$40 |
$29 |
$38 |
$31 |
$36 |
$33 |
$37 | $29 | $59 | $71 |
$806 |
|
SDG&E |
$36 |
$30* |
$17 |
$30 |
$34 |
$31 |
$32 | $35 | $64 | $61 |
$728 |
|
Liberty Utilities |
$42 |
$35 |
$27 |
$23 |
$29 |
$46 |
$34 | $30 | $29* | $29 |
$646 |
|
Pacific Power |
$194 |
$141 |
$143 |
$107 |
$127 |
$160 |
$167* | $97 | $133 | $269* |
$3,217 |
| Bear Valley** | $47 | $33 | $160 |
*April and October credit amounts differed.
**Not distributed until 2022.