Here’s something from Wikipedia: “Reactive power flow
In power transmission and distribution, significant effort is made to control the reactive power flow. This is typically done automatically by switching inductors or capacitor banks in and out, by adjusting generator excitation, and by other means. Electricity retailers may use electricity meters which measure reactive power to financially penalise customers with low power factor loads. This is particularly relevant to customers operating highly inductive loads such as motors at water pumping stations.”
Now the only way I can see this could affect a reduction in (real) power usage for a normally inductive load is if the “Electric retailer had some way to make the electric power meter respond to penalize an inductive load, which would/could be reduced by a capacitive corrective device. I look forward to future reports by the “testers” along with some numbers, measured numbers.