California Climate Credit
Every spring and fall, millions of California residents receive the California Climate Credit on their electric and natural gas bills. 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. These credits are typically distributed twice a year: a natural gas credit in April and electric credits in April and October.
2026 Residential California Climate Credit Schedules – Electric & Natural Gas
2026 Electric California Climate Credit Schedule
| April | May | June | July | Aug | Sept | Oct | |
| PG&E | $36.18 | $36.18 | |||||
| SCE | $36.00 | $36.00 | |||||
| SDG&E | $49.36 | $49.36 | |||||
| Bear Valley | $17.52 | $17.52 | |||||
| Liberty* | $71.98 | $71.98 | |||||
| Pacific Power** |
$111.83 | $111.83 |
*2026 proposed amount of $43.92 not yet approved; credits may change.
**Pending approval
Residential Natural Gas California Climate Credit
In 2026, the Natural Gas California Climate Credit will be distributed in April.
|
2018‡ |
2019 |
2020 |
2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
Total Value Received |
|
|
PG&E |
$30 |
$25 |
$27 |
$25 | $48 | $53 | $85 | $67 | $46.26 |
$406 |
|
SDG&E |
* |
$34 |
$21 |
$18 | $43 | $43 | $59 | $54 | $32.58 |
$309 |
|
Southwest Gas |
$22 |
$25 |
$27 |
$28 | $49 | $56 | $75 | $74 | $45.57 |
$402 |
|
SoCalGas |
* |
$50 |
$26 |
$22 | $44 | $51 | $73 | $87 | $36.06 |
$390 |
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 | 2024 | 2025 |
Total Value Received Per Household 2014-2025 |
|
PG&E |
$30 |
$25 |
$28 |
$17 |
$39 |
$28 |
$36 | $17 | $39 | $39 | $55 | $58 |
$823 |
|
SCE |
$40 |
$29 |
$38 |
$31 |
$36 |
$33 |
$37 | $29 | $59 | $71 | $86 | $56 |
$1,090 |
|
SDG&E |
$36 |
$30 |
$17 |
$30 |
$34 |
$31 |
$32 | $35 | $64 | $61 | $78 | $81 |
$1,047 |
|
Liberty Utilities |
$42 |
$35 |
$27 |
$23 |
$29 |
$46 |
$34 | $30 | $29 | $29 | $131 | $72 |
$1,057 |
|
Pacific Power |
$194 |
$141 |
$143 |
$107 |
$127 |
$160 |
$167 | $97 | $133 | $269 | $174 | $259 |
$3,944 |
| Bear Valley* | $47 | $33 | $32 | $35 | $295 |
*Bear Valley did not distribute a Climate Credit until 2022.