Lighting distributor, Vibe, has released a new 7w LED MR16 style lamp - the most serious contender seen so far in the LED versus halogen downlight battle.

The MR16 LED is available in both warm white and natural white and in two style, one of which is 100 per cent dimmable and is a direct replacement for most halogen MR16 type lamps.

LED has a much lower running cost than halogen, emits far less heat and has a lamp life that is at least eight to 10 times longer.

Vibe director, Phillip Hill says the new 7w LED MR16 lamps "are a persuasive economic and eco-friendly alternative compared to the energy hungry and inefficient 50-watt halogen lamps commonly used up until now."

The company believes that the average Australian household with 50 downlights can save almost $13,000 off their power bill by switching to LED interior lighting.