I bought the older LED model in a 3-pack for about $19.99 several years ago. Last week, I went to the 99 Cents Only Store and picked up the newer model for $1.99. This handheld lamp is super bright and uses 3 AA batteries. Looking at the newer lamp with newer LEDs, the batteries should consume very little energy, but only time will tell. In comparing the two lights, both contained fresh new batteries. I opened the battery compartment to the older model and it also uses 3 AA batteries for comparison purposes.