Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
When £337,000 is £ saved what is the percentage of electricity reduction?

### Inputs:
table_name: table, columns: ['Year', 'Universities', 'No. of Students Signed up', '% electricity reduction', 'Tonnes of CO2 Saved', '£ Saved']

### Response:
SELECT % electricity reduction FROM table WHERE £ Saved = £337,000