In the next month, millions of Californians will receive their first "climate credit." The credit will appear as a line item of about $35 on household electric utility bills for customers of PG&E, Southern California Edison, San Diego Gas & Electric, and a few others around April or May. Six months later, another credit will appear. The funds come from the revenue collected by the cap and trade program under the State’s climate change law. Instead of going to pay for government programs or rebates, the money is going back to you. That is pretty unusual.
Even more remarkable is that when the California Public Utilities Commission (CPUC) decided to send the funds back to households, they stated that:
Returning revenues equally to all residential customers is more equitable and comports with the idea of common ownership of the atmosphere given that residential ratepayers will ultimately bear the increased costs as a result of the Cap-and-Trade program.