High speed communication systems play an important role in the development of advanced networks. The optimum design of these communication links under bandwidth and power constraints needs the use of efficient approaches. In this paper, a novel power efficient modulation scheme is introduced. For this purpose, the modulator at the transmitter uses simple and effective pulse shaping functions to change the amplitude and width of the transmitter pulse. Using this simple method, a high power efficient transceiver structure, with the same performance as typical NRZ signaling, can be designed. Our results show that not only we can reduce the power consumption by more than 10% without loosing the performance but also the probability of error is improved in the presence of jitter and interference.