Second “climate credit” on consumer energy bills coming soon
By Stephen Hannah on Thursday, October 16th, 2014
California’s climate change and clean energy law is giving households some extra money in their pockets this fall reports Chris Clarke of KCET Los Angeles. The credit is a benefit of California’s Global Warming Solutions Act of 2006, or AB 32, of which Consumers Union has been a strong proponent. The state’s greenhouse gas cap-and-trade program helps incentivize Californians to invest in energy efficiency.
The Climate Credit program will credit an average of $35 in October or November to most California residents. The money comes from the state’s largest emitters of greenhouse gases, which have to purchase permits to cover their emissions.
For example, the article explains that with the $35, a household could replace two 60-watt incandescent light bulbs with their 8-watt LED equivalents (if you shop around you may find them much cheaper). Hypothetically, if each California household did this it could save as much as 1,112 megawatts of electrical power, or the equivalent of two mid-sized natural gas fired power plants and save more money on energy bills down the road.
Of course there is no guarantee that California residents will use the credited money to invest back into energy efficiency. The program is nonetheless a very nice perk to come out of AB 32.