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Lecture/Presentation/Talk

Reallocating the Residential California Climate Credit to Low-Income Customers

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Event Details:

Electric bill affordability is felt acutely by low-income Californians, particularly those living in hotter regions of the state. During summer months, these customers face especially high bills due to increased cooling needs and California’s high electricity prices. Such concerns have helped spark a heightened focus on electricity affordability in California, including an October 2024 executive order from Governor Gavin Newsom and prominent attention in the current legislative session.

This webinar explores a new option to provide some relief to those customers, as outlined in a recent policy brief by scholars with the Climate & Energy Policy Program (CEPP) at the Stanford Woods Institute for the Environment. CEPP scholars have outlined a new approach to allocating the residential California Climate Credit, which is currently distributed as a biannual credit by investor-owned utilities customers from the proceeds of the state’s Cap-and-Trade Program. An alternative method of distribution could better support low-income customers most impacted by extreme temperatures. Following the presentation, a panel will discuss electricity affordability measures that can be pursued by California legislators and regulators in 2025 and beyond.

Panelists

Lane SmithPostdoctoral Scholar, Climate & Energy Policy Program

Linda SerizawaDirector, The Public Advocates Office

Carla PetermanExecutive VP, Corporate Affairs & Chief Sustainability Officer, PG&E

Katelyn Roedner SutterCalifornia State Director, Environmental Defense Fund

This event is organized and sponsored by the Climate and Energy Policy Program at the Stanford Woods Institute for the Environment.

 

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