The initial phase of London’s street lighting modernization project will cost over 10 million pounds. As stated in the municipality, the project will save energy consumption by 40%. Which means about 2 million pounds per year.
By 2016, the majority of street lamps in London will be replaced with energy-saving LED lights. Nowadays, the municipality has more than 50,000 units of street lighting within the city.
LED technology is already being used by local authorities.
For example, the Thames Tunnel has become the first British tunnel with linear LED-lighting. Thus, London follows the examples of the US largest cities – Los Angeles, Las Vegas and New York.