Cap-and-Trade Program Summary of 2013-2023 Electrical Distribution Utility Use of Allocated Allowance Value

Summary

California faces the challenge of effectively distributing the financial benefits from its Cap-and-Trade Program's greenhouse gas allowances to both ratepayers and climate initiatives. The state's electrical distribution utilities (EDUs) are mandated to use these allocated allowance values to provide bill credits to customers and fund clean energy and energy efficiency projects. The program is in progress, with EDUs having received $16 billion through 2023, and $11.5 billion already disbursed to ratepayers and GHG reduction efforts, demonstrating ongoing financial deployment towards climate objectives.

Key Facts

Source Document

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