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  $80.25           $80.25
Pacific Power*
 $174.25           $174.25

*Pending approval.

 

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.

California Climate Credit