Cap-and-Trade Program Summary of 2013-2020 Electrical Distribution Utility Use of Allocated Allowance Value

Summary

California's Cap-and-Trade Program allocates carbon allowances to electrical distribution utilities (EDUs) to help reduce greenhouse gas emissions. This report summarizes how the financial value from these allowances was used by EDUs from 2013-2020, primarily focusing on ensuring benefits for ratepayers. Investor-Owned Utilities (IOUs) largely distributed these funds as semi-annual bill credits to residential, small business, and industrial customers, while Publicly Owned Utilities (POUs) and cooperatives used them for compliance, renewable energy, and energy efficiency projects. The program successfully distributed billions of dollars, mostly to residential customers, by the end of 2020.

Key Facts

Source Document

https://example-government.gov/policy-document-link