Just this week, GE announced the release of the Energy Smart LED, a new omni-directional, 9-watt bulb designed to replace the common 40-watt incandescent bulb used in bedside and table lamps.

FORBES: GE's $50 Light Bulb

Designed to replace a 60-watt incandescent, the LED bulb consumes less than 10 watts, according to Philips.

WSJ: The Digital Solution: The Brightest, Most Efficient Bulbs