The Nova Scotia government has announced it will remove the efficiency fee from power bills beginning Thursday, January 1.

Introduced last spring, the government said the fee would save money, lower costs, and reduce greenhouse gas emissions.

In a statement Tuesday, the province said the fee structure is meant to ensure investments are competitive.

Recent amendments to the Public Utilities Act included a new energy conservation section. In it, Nova Scotia Power is required to purchase cost-effective ways to conserve energy.

The government said the new section also gives the Nova Scotia Utility and Review Board power to review energy-cutting programs.

The government also announced Tuesday that Efficiency Nova Scotia will be given 10 years to create efficiency programs. In addition, Nova Scotia Power shareholders will contribute $37 million in upgrades to low-income, electrically heated homes.

The McNeil government promised these changes will come at no cost to Nova Scotia Power customers.