Cap-and-Trade Program Summary of 2013-2022 Electrical Distribution Utility Use of Allocated Allowance Value

Summary

California addresses global warming by reducing greenhouse gas emissions through its Cap-and-Trade Program. Under this initiative, electrical distribution utilities are mandated to use the value from allocated emission allowances to benefit ratepayers, primarily via direct rebates or investments in clean energy and energy efficiency projects. A 2024 report on 2013-2022 activities indicates that Investor-Owned Utilities largely provided these funds as residential climate credits, while Publicly-Owned Utilities focused on compliance and clean energy investments, demonstrating ongoing implementation and expenditure of the program.

Key Facts

Source Document

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