Over the last 10 years, investments in energy efficiency programs have saved Nova Scotians more than $1.4 billion in energy costs and cut greenhouse gas emissions by 25%.
In early 2022, we will file a plan that sets out the impact we want to have over the next three years and beyond.
As the organization that administers programs and activities to reduce the demand for electricity—referred to as demand side management or ‘DSM’—our goal is to ensure as many Nova Scotians as possible can benefit from efficiency programs and save money on their electricity bills, while also helping to reduce carbon pollution.
Investing in DSM keeps rates affordable because it costs only $0.03 to save one kilowatt hour (kWh) of electricity – which is less than half of the average cost of fuel used to produce electricity.
Investing in DSM also avoids future rate increases that could be caused by needed infrastructure investments and rising fuel prices.
Working together, Nova Scotia can affordably achieve net-zero by 2050. But we must start today.
Electricity efficiency investments are regulated by the Nova Scotia Utility and Review Board (UARB) and funded through electricity rates. In February 2022, we will file our next three-year DSM Plan with the UARB to establish energy efficiency programming details and funding levels.
The Plan will lower electricity bills and put Nova Scotia on the path to achieve the goals in the Environmental Goals and Climate Change Reduction Act.
Investing in electricity efficiency will:
This means more Nova Scotians will be able to benefit from efficiency programs and save money on their electricity bills, while also helping to reduce carbon pollution.
EfficiencyOne makes an application to the UARB for approval in late February 2022.The Application must include a Preferred Plan and at least one Alternate Scenario, typically at a lower investment level from the Preferred Plan.
In March 2022, the UARB typically releases a Hearing Order that outlines the formal regulatory proceeding. Stakeholders have the option to participate by registering as Intervenors.
EfficiencyOne meets with NS Power and ratepayer representatives throughout the plan development and hearing process to build alignment and agreement on the appropriate level of DSM.
The hearing is expected to commence in June 2022 and the UARB would typically announce their decision in August 2022. Hearings are advertised in local newspapers and online. They are typically one to two days in length, but may last longer. After the hearing, the UARB provides its decision in writing.
There are various ways Nova Scotians can participate in the Hearing, including:
The UARB shares information on its website for customers who wish to participate in proceedings.