Cap-and-Trade Program Summary of 2015-2021 Natural Gas Supplier Use of Allocated Allowance Value

Summary

California's Cap-and-Trade Program for natural gas suppliers aims to mitigate the cost burden of greenhouse gas emissions compliance on ratepayers while fostering emission reductions. The California Air Resources Board allocates free allowances to natural gas suppliers, requiring these funds to benefit ratepayers through direct cost reduction, customer credits, or investment in decarbonization initiatives. This program is in progress, with detailed reporting on allowance use between 2015 and 2021, demonstrating significant funds returned to ratepayers and allocated for future climate projects.

Key Facts

Source Document

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