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So why do smart meters produce higher readings? Is it a plot to help flatten your wallet? In fact it's related to what appliances you have in your home. Mainly, this has to do with electric motors. With furnace fans and compressors used in refrigeration, there is a very high starting current. With a small window or table top electric fan starting current is relatively insignificant. For refrigeration appliances, window air conditioners, furnace blowers or central air conditioning starting current is quite high often several times higher than the running current listed on the nameplate or label.
What can be the reason for higher starting current than running current? In refrigeration appliances, motors must overcome the refrigerant already in the compressor to start rotation. In the case of a forced-air furnace fan or central air-conditioning fan, blower wheels act like large flywheels which must be brought up to speed.