2018 Business Plan
EfficiencyOne’s annual business plans guide the organization in achieving the goals and priorities outlined in our five-year Strategic Plan, our Demand Side Management (DSM) plans approved by the Nova Scotia Utility and Review Board, and our service agreements with the Province of Nova Scotia.
2018 marks the final year of EfficiencyOne’s 2016-2018 DSM Plan. EfficiencyOne will invest $34.4 million in 2018 to achieve our 136.3 GWh energy-saving and 21 MW demand-saving targets. The organization will invest an additional $18.3 million to achieve non- electric savings of 86,731 GJ in 2018.
2018 BUDGETED EXPENDITURES
2018 ENERGY GOALS
- Electricity Savings 136.3 GWh
- Demand Savings 21 MW
- Non-Electric Savings 86,731 GJ
2018 EXPENDITURES BY CATEGORY
LIFETIME UNIT COSTChart based on Nova Scotia Department of Energy Estimates for 2020.
2018 PLAN BENEFITS
The strategies and initiatives described in the 2018 Business Plan will result in:
- Over $230 million of electricity bill savings recirculating in our local economy over the next 14 years
- Training and support for more than 200 local businesses, employing over 1,000 people to work on Efficiency Nova Scotia projects
- Improved air quality by avoiding over 93,000 tonnes of carbon emissions per year
- 50 percent reduction in heating costs for participating low-income homes and over $1 million in lifetime savings in First Nations communities
2018 AREAS OF FOCUS
INNOVATE FOR FUTURE SAVINGS AND DIVERSIFY DSM PORTFOLIO
Focusing on emerging technologies and new approaches to saving energy, and diversifying our mix of incentives for energy-saving measures, will enable EfficiencyOne to meet our 2018 savings goals, and guide EfficiencyOne in delivering the most cost-effective energy savings to Nova Scotians in future years. These efforts will benefit all Nova Scotians by lowering energy bills, avoiding carbon emissions and strengthening the local economy.
IDENTIFY AND EXECUTE NEW BUSINESS OPPORTUNITIES
EfficiencyOne will continue to diversify and grow our business offerings, in line with our ambitious 2015-2020 Strategic Plan goals. These efforts will benefit all Nova Scotians by growing and sharing Nova Scotia’s expertise and experience, and expanding the role and influence of Nova Scotia’s energy efficiency industry.
IMPROVE OPERATIONAL EFFECTIVENESS
EfficiencyOne will enhance our organizational abilities in 2018 by focusing on innovation and improvement in key operational areas and processes. These efforts will benefit all Nova Scotians by making it faster and easier to access Efficiency Nova Scotia incentives and support, improving operational accuracy and efficiency, and by improving customer and partner experience.
EDUCATE AND INFORM KEY STAKEHOLDERS ABOUT OUR WORK
EfficiencyOne is committed to fostering successful relationships with our stakeholders. In 2018, EfficiencyOne will continue to engage stakeholders to share our activities and progress towards achieving our goals and priorities, to demonstrate the benefits energy efficiency delivers to all Nova Scotians, and to listen to stakeholder feedback.