Using inductors to reduce electric bill?? My professor today mentioned that if you place an inductor in one of the power outlets in your house will allow actually produce no power and will cause your electric bill to reduce since that specific outlet is causing the power meter to reverse its direction?? Sounds pretty dumb to me, but he was very serious about it. My question is will this actually work and if so, how can you still use that outlet if there is an inductor placed in it? It seems pointless to me since that specific outlet isn't doing anything in the first place and adding an inductor just does nothing again. I tried searching google but nothing really showed up about using this technique, so I thought I ask the experts here.