Winning the lottery with Eaton's power factor correction (PFC) capacitors

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How can you hit the lottery with real savings on your electric utility bill? Many electrical utilities companies charge commercial and industrial customers a power factor penalty. Implementing capacitors on a system where a utility charges a penalty will save customers money on their utility bills. Eaton has the knowledge of local utility billing structures, and tools available to size solutions and calculate savings. Implementing power factor correct (PFC) where penalized not only saves you money, but is also recommended by the US Department of Energy. Learn more about Eaton PFC: https://www.eaton.com/us/en-us/products/low-voltage-power-distribution-control-systems/power-factor-correction-capacitors.html Read about reducing power factor from the U.S. Dept. of Energy: https://www.energy.gov/eere/amo/downloads/reducing-power-factor-cost Transcript: SUBJECT: Hey, what's up? Why do you look so happy? I just hit the lottery. I'm saving $3,000 a month on my electric utility bill. The lottery. What the heck are you talking about? So, apparently, there's this hidden charge that sometimes is on your utility bill if you're a big customer, like a big commercial building like this one or an industrial customer, not residential. But, apparently, this hidden charge can save you a lot of money. It's like hitting the lottery. It's called a power factor penalty. So what's a power factor penalty? So I'm working with this company called Eaton, who's a global diversified industrial company, and they do power management stuff. And they figured out that I actually have a penalty on my bill, which actually is going to save me that $3,000 a month. So I'm pretty excited about it. All I had to do was fill out this form, and they told me that my particular utility company has a penalty. Not everyone has a penalty, but mine does, and they told me how to save money by putting capacitors in. Ah, capacitors. I've heard of those. I thought those weren't real. I thought they were false energy savings, or is that not true? Oh, no, it's real. See, here's the thing. Some people put capacitors in their house, and they think they're going to save energy, but they're not. Apparently, that's false energy saving stuff. But when you put capacitors on a big commercial or industrial building, when there's a penalty, you can save money. Saving money and saving energy are two different things in this case. That sounds pretty cool. How do I figure out if I have a penalty? Do I have to talk to this company you said, Eaton? Are they going to be able to help me figure it out? Yeah, Eaton has a whole bunch of reps across the country, and they know all the utility billing structures. And they have tools, like spreadsheets and stuff, that can help put all your data like mine, put it in a spreadsheet, figure out how much you can save every month. And then you can justify the cost of the equipment, the capacitors that you put in to fix the problem. Sounds good. I'm going to call Eaton and see if I can save some money. [MUSIC PLAYING] Why do you guys look so happy? He just hit the lottery.

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Winning the lottery with Eaton's power factor correction (PFC) capacitors

How can you hit the lottery with real savings on your electric utility bill? Many electrical utilities companies charge commercial and industrial customers a power factor penalty. Implementing capacitors on a system where a utility charges a penalty will save customers money on their utility bills. Eaton has the knowledge of local utility billing structures, and tools available to size solutions and calculate savings. Implementing power factor correct (PFC) where penalized not only saves you money, but is also recommended by the US Department of Energy. Learn more about Eaton PFC: https://www.eaton.com/us/en-us/products/low-voltage-power-distribution-control-systems/power-factor-correction-capacitors.html Read about reducing power factor from the U.S. Dept. of Energy: https://www.energy.gov/eere/amo/downloads/reducing-power-factor-cost Transcript: SUBJECT: Hey, what's up? Why do you look so happy? I just hit the lottery. I'm saving $3,000 a month on my electric utility bill. The lottery. What the heck are you talking about? So, apparently, there's this hidden charge that sometimes is on your utility bill if you're a big customer, like a big commercial building like this one or an industrial customer, not residential. But, apparently, this hidden charge can save you a lot of money. It's like hitting the lottery. It's called a power factor penalty. So what's a power factor penalty? So I'm working with this company called Eaton, who's a global diversified industrial company, and they do power management stuff. And they figured out that I actually have a penalty on my bill, which actually is going to save me that $3,000 a month. So I'm pretty excited about it. All I had to do was fill out this form, and they told me that my particular utility company has a penalty. Not everyone has a penalty, but mine does, and they told me how to save money by putting capacitors in. Ah, capacitors. I've heard of those. I thought those weren't real. I thought they were false energy savings, or is that not true? Oh, no, it's real. See, here's the thing. Some people put capacitors in their house, and they think they're going to save energy, but they're not. Apparently, that's false energy saving stuff. But when you put capacitors on a big commercial or industrial building, when there's a penalty, you can save money. Saving money and saving energy are two different things in this case. That sounds pretty cool. How do I figure out if I have a penalty? Do I have to talk to this company you said, Eaton? Are they going to be able to help me figure it out? Yeah, Eaton has a whole bunch of reps across the country, and they know all the utility billing structures. And they have tools, like spreadsheets and stuff, that can help put all your data like mine, put it in a spreadsheet, figure out how much you can save every month. And then you can justify the cost of the equipment, the capacitors that you put in to fix the problem. Sounds good. I'm going to call Eaton and see if I can save some money. [MUSIC PLAYING] Why do you guys look so happy? He just hit the lottery.