PGS re-launches LED “Pay As You Save” save en­ergy scheme

Financial Mirror (Cyprus) - - FRONT PAGE -

PGS Light­ing Elec­tri­cal, the elec­tri­cal sup­plies and light­ing equip­ment with 11 stores is­land­wide, has re-launched the LED “Pay As You Save” scheme, which, since 2013 has helped re­duce the cost of elec­tric­ity bills in a large num­ber of build­ings in Cyprus. The scheme of­fers mul­ti­ple ad­van­tages with the most ap­peal­ing fea­ture be­ing the flex­i­ble pay­ment terms: monthly in­stall­ments equiv­a­lent to the sav­ing that will oc­cur af­ter the im­ple­men­ta­tion of the scheme.

Light-emit­ting diode bulbs (LED) are spread­ing rapidly and are be­ing used more and more as an eco­log­i­cal and eco­nom­i­cal so­lu­tion for houses and busi­ness premises, road light­ing and state build­ings. Other than the re­mark­able en­ergy sav­ing of up to 80%, LED lamps have a longer life­span, low main­te­nance cost, do not con­tain harm­ful sub­stances like mer­cury, at­tract less in­sects and are avail­able in a wide va­ri­ety.

Be­fore the scheme is im­ple­mented, PGS con­ducts a fea­si­bil­ity study to iden­tify spa­ces in the build­ing where an in­vest­ment in LED lamps would be ben­e­fi­cial and to spec­ify the size of the sav­ing which will re­sult from the re­place­ment of high­con­sump­tion bulbs with LED type lamps. The com­pany then presents the find­ings of the study to the cus­tomer, in­clud­ing an in­dica­tive pay­ment time plan for the full cost of the in­vest­ment. Pay­ment is split in equal monthly in­stall­ments with no ap­plied in­ter­est, equiv­a­lent to the amount of the monthly sav­ing, which means that a house­hold’s monthly bud­get will not be af­fected. In ad­di­tion, PGS of­fers three years guar­an­tee for lamps that may burn out.

“Build­ings in Cyprus are en­er­gy­in­ten­sive. This fact -in com­bi­na­tion with the rel­a­tively high cost of elec­tric­ity com­pared to other EU coun­tries- is a fi­nan­cial bur­den for the Cypriot cit­i­zen and harm­ful to the en­vi­ron­ment,” said Man­ag­ing Direc­tor of the com­pany Neo­phy­tos Neo­phy­tou.

“Through the LED “Pay as you save” scheme we man­aged to con­trib­ute to a so­lu­tion to this prob­lem and that is why we have de­cided to re-launch it as an ecoser­vice that our com­pany is ca­pa­ble of of­fer­ing”, he added.

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