What can I do with a transformer?

[albertfrederi]

I was thinking that the possibility may exist that I could install a fused disconnect for my line in from the power company and hook it to a 240v-to- 24v step down transformer, use a whip to connect to another fused disconnect with a 24v-to-240v before entering the panel. my theory is that my draw from the power company would only be 24 volts and I would be stepping up the voltage myself with my own transformer thereby reducing my consumption and my bill. So am I insane?

 

[mdjensen22]

Assuming it is like the US, you are billed by power consumption (KwH) - not voltage.
At the end, you're taking the long way back to getting where you started (240). Since nothing is 100% efficient, you would have some losses along the way. Therefore, your bill would actually be higher.

 

[albertfrederi]

Thank you.

 

[Skaperen]

I was thinking that the possibility may exist that I could install a fused disconnect for my line in from the power company and hook it to a 240v-to- 24v step down transformer, use a whip to connect to another fused disconnect with a 24v-to-240v before entering the panel. my theory is that my draw from the power company would only be 24 volts and I would be stepping up the voltage myself with my own transformer thereby reducing my consumption and my bill. So am I insane?

Your draw of 24 volts would be from the step down transformer, which would be transforming that to a draw of 240 volts. BTW, for every amp you would be pulling at 240 volts from the step up transformer, it would be pulling 10.4 amps from the step down transformer, which would in turn be pulling 1.08 amps from the power company. Expect your bill to be a bit higher. Expect some warming in the room where they are located. Be sure to invest in some really thick copper for the 24 volt wiring.