1. PG&E customers receive automatic California Climate Credit in April energy bills. 2. Residential electric credit is $58.23; gas credit is $67.03. 3. Total credits aim to relieve customer pressures from rising energy bills. 4. Credits are funded by California's Cap-and-Trade Program since 2014. 5. PG&E promotes energy-saving programs to support sustainable practices.
The announcement of bill credits reflects PG&E’s proactive customer-centric approach, which may enhance customer satisfaction and loyalty. Historical trends show improved company outlook following customer relief programs, positively influencing share price.
The article details direct benefits for PG&E customers, potentially leading to increased satisfaction and stability for the business. Proactive engagements with customers during economic pressures enhance PG&E’s market position and resilience.
The immediate financial relief for customers may boost PG&E’s reputation and customer retention, but the long-lasting effects depend on broader market conditions and regulatory environments.
OAKLAND, Calif., March 17, 2025 /PRNewswire/ -- Millions of Pacific Gas and Electric Company (PG&E) customers will automatically receive the California Climate Credit on their April energy bill.
Residential households with an active electric account will receive an electric credit of $58.23. Residential households with an active gas account will receive a credit of $67.03. Customers receiving both gas and electric service from PG&E will receive a total April credit of $125.26.
Residential and eligible small business customers receive identical electric credits in April and October. Residential natural gas customers receive a credit in April.
The California Climate Credit is funded by the state's Cap-and-Trade Program. It is distributed by PG&E to customers as directed by the California Public Utilities Commission (CPUC). The Cap-and-Trade Program requires companies to pay for certain emissions. Revenue from the program is also used by the state to improve public health and the environment and provide meaningful benefits to the most disadvantaged communities. The bill credit is designed to help customers during the transition to a more sustainable future.
"We know many of our customers are feeling the pressure of rising energy bills. We support bill relief for families and fostering a more climate-resilient future," said Vincent Davis, Senior Vice President, Customer Experience.
Since 2014, the CPUC calculates PG&E residential customers have received an average of nearly $1,000 in California Climate Credits, totaling more than $12.9 billion in Cap-and-Trade Program benefits statewide.
To explore other ways to save energy, reduce monthly bills, and protect the planet, customers are encouraged to use a new Savings Finder, enroll in the Budget Billing program, or visit Save Energy & Money.
Other programs include Medical Baseline, which offers a reduction on energy bills for customers who depend on power for certain medical needs.
Did you know you can lower energy bills and save money by building an Energy Efficiency DIY Tool Kit? With a $200 investment in energy-efficient materials, customers can save hundreds of dollars each year.
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
SOURCE Pacific Gas and Electric Company