Charlie is of course correct. The only thing I would add is that some Industrial applications do measure and bill for reactive power. The meters used measure all sorts of neat things that your residential meter doesn't.
You can certainly hook a cap up across an inductive load like a fan and show that the current goes down. Iin fact, if the magnitude of the cap impedence is equal to that of the inductor, the current will drop very near zero...if you had a perfect cap and a perfect inductor, it would be zero. However, if you check the meter outside on your house, you will see that nothing changed. Residential meters measure REAL power. Also note that I mentioned "perfect" caps and inductors. They don't exist. Real caps and inductors also have resistance...ie, the impedence is not at an angle of +/- 90 degrees. So, when you hook up that additional load your real power consumption will actually go up a bit and cost you a little more...Edit: I should add that the extra load would be balanced by the fact that IF the cap was physically located close to the inductive load that you would save some IR loss in the house wireing. I can't see that being significant though and if that savings is even measureable I'd guess it would take a long time for it to pay for the stupid cap. LOL
You can certainly hook a cap up across an inductive load like a fan and show that the current goes down. Iin fact, if the magnitude of the cap impedence is equal to that of the inductor, the current will drop very near zero...if you had a perfect cap and a perfect inductor, it would be zero. However, if you check the meter outside on your house, you will see that nothing changed. Residential meters measure REAL power. Also note that I mentioned "perfect" caps and inductors. They don't exist. Real caps and inductors also have resistance...ie, the impedence is not at an angle of +/- 90 degrees. So, when you hook up that additional load your real power consumption will actually go up a bit and cost you a little more...Edit: I should add that the extra load would be balanced by the fact that IF the cap was physically located close to the inductive load that you would save some IR loss in the house wireing. I can't see that being significant though and if that savings is even measureable I'd guess it would take a long time for it to pay for the stupid cap. LOL