A multinational home furnishings company with a base in Bletchley has invested £1.1million in halving the cost of a revolutionary new type of lighting system.
LED lighting is very cheap to run but at the moment it is very expensive to buy so IKEA, in Bletchley, is taking part in an initiative to cut the purchase price of the technology.
IKEA has signed up to The Energy Bill Revolution and permanently halved the price of its ‘LEDARE’ LED light bulbs.
Howard Carter, business leader for IKEA UK & Ireland, said: “LED is a light revolution. With household electricity bills continuing to rise rapidly and energy consumption increasing, a small LED bulb can have a very big impact on the family’s expenditure.
“It uses much less energy than a traditional bulb saving the average family over £100 a year.”
LED lighting uses 85 per cent less energy than incandescent bulbs and can last up to 20 years – 20 times longer than traditional incandescent bulbs.
Even with the price cut, the LED light bulbs will still cost at least £3.
The company announced last October that it will convert its entire lighting range to LED by 2016, meaning only LED bulbs and LED lamps will be sold in all IKEA stores.