Skip to content
NOWCAST KCRA 3 News at 4pm
Live Now
Advertisement

California regulator acts to lower utility bills now by speeding up Climate Credit

California regulator acts to lower utility bills now by speeding up Climate Credit
WE BEGIN WITH BREAKING NEWS. LISA: NEW ACTION BEING TAKEN BY STATE OFFICIALS TO PROVIDE RELEF TO HIGH ENERGY BILLS ANY CALIFORNIANS ARE FACING. TY: DUE TO INCREASED DEMAND AND HIGHER NATURAL GAS PRICES, SOME P.G.&E CUSTOMERS ARE FACED WITH HUNDREDS OF DOLLARS IN ENERGY BILLS. A LISA: -- LISA: P.G.&E ESTIMATED CONSUMERS ARE PAYING ABOUT 32% MORE THIS WINTER THAN LAST YEAR BECAUSE OF THE HIGHER NATURAL GAS PRICES. PTY: DUE TO THIS INCREASES IN PRICES THE CALIFORNIA PUBLIC , UTILITIES CMMISSION AGREED TO TAKE ACTION TO REDUCE PRICES. CAPITOL CORRESPONDENT ASHLEY ZAVALA BREAKS DOWN THE AGREEMENT REACHED TODAY. >> TODAY, THE CPUC ORDERED UTILITIES TO PROVIDE AN ANNUAL CREDIT SCHEDULED FOR APRL TO GO INTO EFFECT NOW. THE CLIMATE CREDITS ARE DISTRIBUTED TWICE A YEAR, USUALLY IN APRIL AND OCTOBER. MOST RESIDENTS RECEIVE A NATURAL GAS CREDIT IN APRIL, AND ELECTRIC CREDITS IN APRIL AND OCTOBER. TODAY’S AGREEMENT SHIFTS THE APRIL CREDIT UP TO NOW OR AS SOON AS POSSIBLE. THE NEWS COMES AS A RELIEF TO MANY WHO ARE FACED WITH ENERGY BILLS WAY OVER WHAT THEY BUDGETED FOR. CPUC COMMISSIONER JOHN MUDDLED TWEETING I JOINED MY COLLEAGUES AT THE CALIFORNIA PUBLIC UTILITIES COMMISSION TODAY TO SUPPORT A PROPOSAL TO MOVE UP CALIFORNIA’S CLIMATE CREDIT DISBURSEMENT AND PROVIDE SOME FINANCIAL SUPPORT TO CALIFORNIANS WHO RECEIVED SHOCKINGLY HIGH ENERGY BILLS IN JANUARY DUE TO NATURAL GAS PRICE SPIKES. SO HOW MUCH MONEY IS THIS CLIMATE CREDIT? IT IS BROKEN DOWN INTO ELECTRIC AND NATURAL GAS. FOR THOSE WHO HAVE PG&E FOR NATURAL GAS THEY CAN EXPECT THEIR CREDIT OF $52 TO BE IN THEIR ACCOUNT SEVERAL MONTHS EARLIER THAN EXPECTED. THOSE WHO HAVE PG&E FOR ELECTRIC THE CREDIT IS $38. IT IS UNCLEAR ON THE CREDIT WILL BE IN PEOPLE’S ACCOUNTS EXACTLY
Advertisement
California regulator acts to lower utility bills now by speeding up Climate Credit
A California regulator on Thursday ordered utility companies to give customers a credit to lower home heating bills “as soon as possible” instead of later in the spring because of high natural gas prices. The California Public Utilities Commission’s move to speed up the delivery of the Climate Credit instead of waiting until April could knock $91 to $121 off the next bill for customers who receive both electricity and natural gas from Pacific Gas and Electric Co., Southern California Edison, San Diego Gas & Electric and Southern California Gas Company.(Previous coverage in video above.)Customers of Bear Valley Liberty, PacificCorp and Southwest Gas will also get their credit sped up.You can see the specific amounts of the credits here. For example, in the case of PG&E residential customers who receive electrical service would get $38.39. Natural gas customers would get $52.78 from PG&E.SMUD customers would not receive a credit because the CPUC doesn’t regulate public utilities.PG&E told KCRA 3 last week that customer bills, on average, are 32% higher right now than they were at this time last year because of high demand and tighter supply. One resident in West Sacramento said his bill has skyrocketed to $662, with more than $400 going toward gas. That was up from $200 combined the previous month.The CPUC said that when the price of gas goes up, it is passed on directly to customers.“Natural gas prices throughout the West have risen to alarming levels this winter,” CPUC President Alice Reynolds said in a statement. “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.”What is the California Climate Credit?Every April and October for PG&E customers and other utility customers in California, there is a climate credit on their bills, for both gas and electric usage.The credit comes from a state program that requires power plants and industries that emit greenhouse gases to buy carbon pollution permits. Customers’ shares of the payments from the program are given back via their bills several times a year.A CPUC spokesperson confirmed that with the credit being sped up, customers will not receive another one in April.

A California regulator on Thursday ordered utility companies to give customers a credit to lower home heating bills “as soon as possible” instead of later in the spring because of high natural gas prices.

The California Public Utilities Commission’s move to speed up the delivery of the Climate Credit instead of waiting until April could knock $91 to $121 off the next bill for customers who receive both electricity and natural gas from Pacific Gas and Electric Co., Southern California Edison, San Diego Gas & Electric and Southern California Gas Company.

Advertisement

(Previous coverage in video above.)

Customers of Bear Valley Liberty, PacificCorp and Southwest Gas will also get their credit sped up.

You can see the specific amounts of the credits here. For example, in the case of PG&E residential customers who receive electrical service would get $38.39. Natural gas customers would get $52.78 from PG&E.

SMUD customers would not receive a credit because the CPUC doesn’t regulate public utilities.

PG&E told KCRA 3 last week that customer bills, on average, are 32% higher right now than they were at this time last year because of high demand and tighter supply. One resident in West Sacramento said his bill has skyrocketed to $662, with more than $400 going toward gas. That was up from $200 combined the previous month.

This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

The CPUC said that when the price of gas goes up, it is passed on directly to customers.

“Natural gas prices throughout the West have risen to alarming levels this winter,” CPUC President Alice Reynolds said in a statement. “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.”

What is the California Climate Credit?

Every April and October for PG&E customers and other utility customers in California, there is a climate credit on their bills, for both gas and electric usage.

The credit comes from a state program that requires power plants and industries that emit greenhouse gases to buy carbon pollution permits. Customers’ shares of the payments from the program are given back via their bills several times a year.

A CPUC spokesperson confirmed that with the credit being sped up, customers will not receive another one in April.

This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site.