Overview

• More than 11.5 million California households will receive automatic bill credits in October through the California Climate Credit program.
• The refunds are funded by the state’s cap-and-invest program managed by CARB, and customers do not need to take any action.
• This year’s residential credits total $2.4 billion, including $1.4 billion for electric customers, $1 billion for natural gas customers, and $122 million for small businesses, with October electric disbursements exceeding $700 million and $60 million for small businesses.
• Individual October electric credits range from $35 to $259, with most households receiving $56 to $81; examples include PG&E at $58.23, Southern California Edison at $56, San Diego Gas & Electric at $81.38, and Pacific Power at $259.36.
• Legislation signed this month extends allocations through 2045 and directs up to $60 billion toward larger electric credits starting in 2026, as consumer advocates caution the refunds do not resolve high electricity rates and SB 254 aims to restrain cost drivers such as wildfire spending.