Finally, some good news! Bucks back on your electricity bill
If you’re a Southern California Edison customer, you might notice a $59 California Climate Credit on your April billing statement.
There’s another coming in October.
SCE’s Ron Gales explains that it comes from a state program designed to fight climate change.
"The California Air Resources Board creates allowances, and companies like SCE are required to purchase enough allowances to cover or offset the emissions they generate.
"If they have more allowances than they need, they sell them to an auction. Any money realized from that auction goes straight back to customers," he explained.
About 95% of SCE’s 5 million customer accounts will receive the credit on their April and October monthly bill statements, for a total of $118.
The twice-a-year California Climate Credits are part of a state program designed to fight climate change.
Since the program began in 2014, SCE customers have received twice-a-year credits ranging from $29 to $40, making the 2022 credits the most generous to date.
For the first time since the credit’s inception in 2014, most of SCE’s small business customers will receive the credit on their statements as well.
About 500,000 of SCE’s small business accounts are eligible, as well as the company’s 4.3 million residential accounts.
The funding for the California Climate Credit comes from the state’s Greenhouse Gas Cap and Trade Program, which aims to reduce greenhouse gas emissions from power plants, natural gas distributors and other large industries.
“It’s great to see that this year’s credit is the most generous to date,” said Lisa D. Cagnolatti, SCE’s senior vice president of Customer Service.
“With rising consumer prices creating challenges for many Californians, SCE welcomes any opportunity to help customers with their electric bill. That’s why SCE offers customers a range of short-term and longer-term bill assistance options.”
Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.