I just read that Philips are preparing to release a new LED based light bulb that is a direct replacement for the current type of standard household light fittings.

Available in three different types, MASTER LED offers perfect light quality – in warm and cool white. With no heat, UV or IR in the beam, this light is also ideal for illuminating sensitive objects like food or works of art.

They are going to be expensive at first, perhaps as much as $120 locally, but one hopes the price will quickly lower. Considering their extremely low power draw and long life, and the fact there is no mercury in them, they should replace CFL’s in peoples homes quickly.

Perhaps the Federal Government might take a look at offering a subsidy on them for a year or two to help get them off the ground more quickly?