{"id":692047,"date":"2022-10-04T13:38:02","date_gmt":"2022-10-04T17:38:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/climate-credit-from-state-program-will-lower-bills-this-month\/"},"modified":"2022-10-04T13:38:02","modified_gmt":"2022-10-04T17:38:02","slug":"climate-credit-from-state-program-will-lower-bills-this-month","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/climate-credit-from-state-program-will-lower-bills-this-month\/","title":{"rendered":"Climate Credit from State Program Will Lower Bills this Month"},"content":{"rendered":"

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Climate Credit from State Program Will Lower Bills this Month<\/b><\/p>\n

Electric Residential and Eligible Business Customers Will Receive $39.30 Bill Credit<\/i><\/p>\n

OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nMore than 5 million Pacific Gas and Electric Company (PG&E) electric customers will automatically receive the California Climate Credit<\/a> on their energy bill this month. The credit was created by the California Public Utilities Commission (CPUC) as part of the state\u2019s 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.\n<\/p>\n

\nIn addition to residential customers, eligible business customers will be receiving the California Climate Credit for the first time.\n<\/p>\n

\nResidential electric customers will receive a credit of $39.30 on their October bills, compared to last fall\u2019s 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.\n<\/p>\n

\nCustomers 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.\n<\/p>\n

\nFor 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.\n<\/p>\n

\nThe 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\u2019 share of the payments from the state\u2019s program.\n<\/p>\n

Additional Ways to Reduce Energy Bills<\/b><\/p>\n

\nPG&E offers various programs to help customers save money and energy.\n<\/p>\n