From my understanding if you had an installation with large inductive loads, well the reactive part of the loads is not registered on the incoming meter and so the wattless current is free of charge, and so the supply company likes to fine you for having poor power factors.
My question is why does the meter not see the wattless current, the meter does not know the current is going towards inductive reactance.the only vairable to work off at the metre is the current.
any help would be much appreciated