Up to now, I thought not... but after accidentally watching ACA this evening I was made aware of what seems to be a power factor correction device that can be installed for $800 near the meter and then saves hundreds in your power bill.
Can any body confirm this?
I am aware of the mess that all the switched mode power supplies create in practically every appliance of today, but I was not aware that we are also charged for the poorly designed cheap crap.
Power factors of 0.5 and less are probably now standard.
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