More than 11.5 million California households will get refunds on their October electric bills, Gov. Gavin Newsom announced Sept. 24.
The California Climate Credit, which began in 2014, will provide over $700 million for residential electric bills and $60 million for qualifying small business customers.
The average bill credit will be $61 per customer, according to Newsom’s office.
“Millions of California families will see money back on their electricity bills in October—and that refund will be even bigger next year thanks to new laws I signed last week,” Newsom said in a statement.
According to Newsom, $60 billion will go back to consumers through 2045, cutting electric bills while keeping current with the state’s aggressive climate action goals….