Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Rapid uptake of LED lighting in NZ as prices reduce

Rapid uptake of LED lighting in NZ as prices reduce

Auckland, 30 April 2014 - Philips Lighting’s latest market data shows uptake of LED lighting continues to increase as more New Zealanders make the switch for better energy efficiency. That growth is expected to continue as the price point for this next generation lighting option continues to reduce.

Philips’ third generation LEDbulb range, which is being released in New Zealand over the coming month, is even more energy efficient than previous models and is priced lower. For example, the 13W LED bulb (75W incandescent bulb equivalent), which is one of the most popular in Philips’ LEDbulb range, now draws 12.5W of electricity to produce similar light output and has reduced in price from $24.95 to $19.95.

Compared to incandescent light bulbs the energy efficiency gains from using LED light bulbs are significant. Philips’ LED light bulbs use up to 80% less energy and can last up to 15 times longer than an incandescent bulb, with a lifetime of up to 15,000 hours.

“With lighting making up around 12% of the average New Zealand home’s electricity bill, converting to energy efficient lighting is one simple and effective way to reduce overall energy consumption and cost, especially with prices for buying LED bulbs having come down,” says David Procter of Philips Lighting New Zealand.

The incentives on consumers to make the switch to LED for energy efficiency savings are proving compelling. As a category, all LED bulb sales in New Zealand supermarkets in the 12 months to the end of February 2014, are 34 times greater than sales in the previous year. Philips’ range of LED bulbs has captured 70 percent of that growth, as a result of wider distribution and its previous reduction in the price of its LED bulbs in June 2013.

LED bulbs are mercury-free and do not require consumers to compromise on quality and style as they produce an instant warm, white, glare-free light and have been designed to resemble a traditional light bulb. They are also compatible with most existing light fittings (screw or bayonet cap sockets) making it hassle-free to make the switch.

“With LED lighting becoming increasingly accessible to mainstream consumers and this further reduction in the cost of Philips’ LEDbulb range, we anticipate the trend for growth in consumer uptake of LED for lighting their homes to continue,” says David Procter.

Philips Lighting anticipates that at least 50% of global lighting will be LEDs by as early as 2015, and 75% by the end of this decade.

The new Philips LEDbulb range is available nationwide from Pak‘nSave, New World, Countdown, Bunnings, and Mitre 10 stores priced from $13.95 to $19.95 including GST.

About Royal Philips:
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Product information:

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news