Energy credit could come early this year for millions of Californians worth up to $121 depending on the utility company and the energy you pay.
Utility Companies Offer Up To $121 Energy Credits to Millions of Americans (PHOTO: The US Sun)
Energy Credits
The California Public Utilities Commission (CPUC) has requested utility companies in the state to apply the Climate Credit to customers’ bills. CPUC mandates companies that have a large carbon footprint to purchase carbon pollution permits from auctions run by the state’s Air Resources Board. A portion of the proceeds is then shifted into credits which are applied to customers’ energy bills.
The Climate Credit is usually distributed twice a year, in April and October. Yet, due to the high cost of fuel, the CPUC ordered the companies to pay the credit “as soon as possible.” According to CPCU president, Alice Reynolds said that Natural gas prices throughout the West have increased to alarming levels this winter. Advancing the California Climate Credit will provide immediate relief to California families struggling to pay their bills while we examine this critical issue and explore longer-term solutions to volatile natural gas prices.
How Much Money You Will Get?
It depends on your utility company and the energy you pay for the exact amount you receive from energy credits. The commission estimates that customers who obtain both electricity and natural gas from Pacific Gas and Electric Co., Southern California Edison, San Diego Gas & Electric, and Southern California Gas Company will receive between $91 and $121.
Consumers of Bear Valley, Liberty, PacifiCorp, and Southwest Gas will also avail of an early credit, but of different amounts. For additional information on your specific credit, review this guide from the CPUC.
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