California residents who pay for electricity will see a smaller bill next month.

This is a part of the California Climate Credit, a program that has been in place since 2015. Customers get paid the credit twice a year once in April and the second time in October.

The credit comes from investor-owned utility companies that profit from selling greenhouse gas emission allowances.

"That would help a lot. It would help a lot of us a lot because I'm sure everyone knows inflation has gone crazy and a lot of us like you said are on a fixed income every little bit helps," said Alice Lovell a Morro Bay resident.

The credit is automatically added to your bill. The refunds are expected to increase starting next year with up to $60 billion going to the Electric Climate Credit through 2045.

The ave

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