fficiency Nova Scotia Corporation was established in 2010 to manage electricity Demand Side Management or DSM initiatives within Nova Scotia. These initiatives were funded by a DSM charge on electricity bills. In 2014, legislative changes required DSM initiatives to be provided by a franchise holder. The franchise holder, now known as EfficiencyOne, has the exclusive right to supply Nova Scotia Powerwith reasonably available, cost-effective efficiency and conservation activities for a ten-year term. The Efficiency Nova Scotia franchise is a public utility regulated by the Nova Scotia Utility and Review Board, which approves agreements between Nova Scotia Power and EfficiencyOne on the level of DSM activity. The cost of these activities is included in electricity rates.