Royal Philips Electronics will be mass producing LED light bulbs that will replace the common 60 watt light bulb. The bulb will be 12 watts and will cut the energy use by 80%. The bulb will last 25 times longer than the common 60-watt incandescent bulb. The new bulb will last 25,000 hours, currently bulbs only last 1,000 hours. The price has not yet been set but will be significantly more expensive than the regular bulb. I think this new bulb is a good invention because it will actually save money, as well as energy, in the long run even though they are more expensive.