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They are often just a small capacitor in a box, usually with lights to "show they are working".My question comes from having seen a device advertised that is supposed to reduce the amount of electricity required to operate appliances.
if it's one of the devices i'm thinking of, no they do almost nothing at all except add an additional few milliamps to your house's average current draw...The noise is purportedly eliminated by filtering noise out of the sine wave. But I don't think the motor is significantly affected by noise on the supplied voltage. Does this seem reasonable?