PG&E Customers to Receive Climate Credit for Financial Relief in 2025
- PG&E customers will receive a Climate Credit of $58.23 on electric bills and $67.03 for natural gas in 2025.
- Total benefits for customers using both services will reach $183.49, with small businesses receiving $116.46 in credits.
- PG&E has helped customers earn over $12.9 billion in Climate Credits since 2014, promoting financial relief and sustainability.
Climate Credit Boosts PG&E Customers’ Financial Relief in 2025
Pacific Gas and Electric Company (PG&E) is poised to deliver substantial financial relief to its customers through California's Cap-and-Trade Program, with significant credits slated for residential and small business customers in 2025. Beginning in October, eligible residential customers will automatically receive a Climate Credit of $58.23 on their electric bills, complementing the same credit issued in April. In addition, those with natural gas accounts will benefit from an annual credit of $67.03. This brings the total benefit for customers utilizing both electric and natural gas services to $183.49. Small businesses will also see notable savings, receiving a total of $116.46 in annual credits, reflecting the same ongoing commitment to financial assistance for commercial entities.
The financial credits are a direct outcome of California's initiatives to combat carbon emissions through the Cap-and-Trade Program, overseen by the California Air Resources Board and executed by PG&E in alignment with the California Public Utilities Commission (CPUC). Since the program's inception in 2014, PG&E customers have collectively reaped an average of $1,000 in Climate Credits, amounting to over $12.9 billion in statewide benefits. This substantial financial impact underscores the program's success in promoting sustainability while providing tangible economic advantages to PG&E’s customer base.
Vincent Davis, PG&E’s Senior Vice President of Customer Experience, highlights the dual benefit of these credits, which not only alleviate energy costs for customers but also reinforce the company’s commitment to environmental stewardship. In addition to the Climate Credits, PG&E is actively engaged in offering various programs and services designed to help customers manage their energy expenses more effectively. Tools such as the Savings Finder and the Energy Efficiency DIY Toolkit empower customers to implement energy-saving practices, while programs like the PG&E Match My Payment Program provide additional financial support to income-eligible customers, further enhancing their financial stability.
In summary, the upcoming Climate Credits represent a significant step towards ensuring financial relief for PG&E customers while simultaneously advancing California's climate goals. With ongoing efforts to promote energy efficiency and support for low-income households, PG&E remains focused on delivering value to its customers and contributing to a more sustainable future.