As per the Bureau of Energy Efficiency (BEE), CFL's are said to consume 80% less power as compared to ordinary bulbs. So the switch over from ordinary bulbs to CFL's will help in saving power-generation. As said by a CFL manufacture Indo Asian with 20 watt CFL's replacing one million 100 watt bulbs can save 80 megawatt in power generation, which leads to a saving of 400 crores.
Thus such cost-saving and energy saving innovations are always welcomed.