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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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