(FOX40.COM) -- Millions of Californians are expected to receive refunds on their electricity bills after Gov. Gavin Newsom made an announcement on Wednesday about new legislation aimed at helping people save money. But who qualifies? • Video Above: Tips on going green

The refund, officially known as the California Climate Credit, provides ratepayers with their share of the benefits of California’s Cap-and-Trade Program. The program reportedly helps fight climate change by reducing the state's greenhouse gas pollution.

According to Newsom's office, it also creates incentives for California utilities and industries to reduce their greenhouse gas emissions, improve the efficiency of their operations, and move toward cleaner forms of energy.

The credits from the Cap-and-Trade Program are us

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