commelion said:
there is not enough info here to calculate anything
That's true. Not enough information.
power companies charge for volt amps
Wrong. Power companies charge domestic consumers for the
actual power used.
It would make a lot of sense (i.e., make more money for the power company) if they were to charge according to kVA but they don't, and I think we should not encourage them to consider doing otherwise.
Power authorities prefer that you have a power factor close to 1, and will probably pressure big companies to take steps to do so, but for small domestic consumers, there is generally no incentive to consider powerfactor correction.
EDIT: Just noted where raiderUM indicates his employer is a medium commercial user of power. In that case, it is just possible that the power company may be imposing a charge for kVA. It would make sense to have that written into the supply contract, as an incentive for a good powerfactor. But we can't know unless OP is able to find out.
So to put it starkly, the boss may
possibly be paying for 130 units of supply, when he need only be paying for 98 units. This is 32% higher than if the pf were unity. You can only know by looking at the account, or reading over the contract, whether the power supplier is imposing a penalty for a poor pf.
raiderUM said:
Lets say I only pay 8 cents a Killowatt.. how do I figure out how much money I am losing?
If you really are paying
per kilowatt, then you are losing no money. You are paying only for the actual power you use. On the other hand, if you were paying
per kilovolt-amp then there is a potential saving of 32% to be made if you fixed your poor powerfactor to make kW ≈ kVA. You need to scrutinise the quarterly account to see whether powerfactor is somehow being factored into the bill.