Below is an context that describes a sql query, paired with an question that provides further information. Write an answer that appropriately completes the request.  # noqa: E501
### Context:
CREATE TABLE table_29538735_1 (_percentage_electricity_reduction VARCHAR, £_saved VARCHAR)
### Question:
When £337,000 is £ saved what is the percentage of electricity reduction?
### Answer:
SELECT _percentage_electricity_reduction FROM table_29538735_1 WHERE £_saved = "£337,000"