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I thought industrial power consumers paid more because of inductive/capacitive phase shifting.

Industrial power consumers are billed differently - so it could be more or could be less. The bills are more complicated - industrial customers will generally pay for things like power factor, capacity, demand, time-of-use rates, tiered rates, etc. On a per kWh basis it would depend from customer to customer. If you had a factory that operated overnight for whatever reason, their electricity would be very cheap.

Maybe once, but today's industries will have a total power factor pretty damn close to 1.0

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