YREKA, CA — Pacific Power residential and small business customers can expect to see a credit of $259.36 on their April electricity bill as part of California's efforts to fight climate change. The twice annual California Climate Credit provides ratepayers with their share of the benefits of California’s Cap-and-Trade Program, which requires large industries that emit greenhouse gases to buy carbon pollution permits.
The majority of Pacific Power’s proceeds are split evenly across each residential household and qualifying small business after covering administrative and outreach expenses and funding clean energy programs.
The California Climate Credit is designed to help customers as the state transitions to a low-carbon future. Each year, the state issues a limited number of greenhouse gas emission allowances in line with California’s goal of reducing its overall emissions to 40% below 1990 levels by 2030.
A second credit in the same amount will appear on eligible customers’ October bills.
Customers can call Pacific Power at 888-221-7070 for information about their bill and can learn more about the California Climate Credit at the CPUC website.