Below is the list of tables from the database along with their columns and datatype. Need to generate an accurate SQL query for the question.
Only use the columns present in the respective table. Only use the columns which are required to generate the SQL query. Only use table joins if required and not otherwise.

### Tables ###
TABLE: CREATE TABLE table_29538735_1 ( _percentage_electricity_reduction VARCHAR, £_saved VARCHAR )

### Question ###
When 337,000 is saved what is the percentage of electricity reduction?

### Accurate SQL ###

SELECT _percentage_electricity_reduction FROM table_29538735_1 WHERE £_saved = "£337,000"