The relationship between current and power in an AC circuit is expressed
by the equation
The power factor can affect the cost of electricity. This is usually
only for larger commercial and industrial electricity users. Larger users
usually have a bill with 3 components, energy charges, network charges
and regulator charges. Power factor only affects the maximum demand component
of the network charges. Generally, kVA demand tariffs are structured to
be revenue neutral compared with kW demand tariffs at a power factor of
0.8