1capybara just wrote:
So examples of 0% or 10% PF are just theoretical examples, not normally seen in the real world.
To which I respond: 'It depends on your world...'
In my working world, we use capacitors to 'supply' the lagging vars drawn by the predominantly inductive loads connected to the grid. What we call 'low-voltage' caps [meaning with a phase-to-phase voltage of 14, 28 or 44 kV] typically have a rating of between 10 and 30 MX. Our directly-connected 'high-voltage' caps [either 115 or 230 kV] range from 96 up to a whopping 410 MX output.
Most of the HV caps and a number of the LV ones have smoothing reactors installed in series with their connection to the grid to dampen that initial 'kick' when they're placed in service. Alternatively, depending on the location of the installation and the electrical characteristics prevailing there, independent pole operation breakers may be utilized to very precisely time the individual contact closure to co-ordinate with the null or zero-crossing point in the waveform so as to facilitate smooth insertion.
On the opposite side of the fence, we also use reactors to absorb VARs from the system, particularly in association with 500 kV circuits which generate great amounts of 'lagging' VARs when lightly loaded...
But I digress.
Capacitors have almost a perfectly leading power factor; reactor have very close to a lagging power factor. The switching duty is severe, particularly for cap switching, and sulphur-hexafluoride-insulated [SF6] breakers are gradually replacing the older oil circuit breakers in LV applications.
A factor that often bears on power system operation is the need to transport large amounts of power from where it's generated to where it's used; and as an earlier poster alluded to, peak times are the worst. During these periods especially, proper deployment of reactive resources can be used to optimize the delivery limit of a circuit which might otherwise be constrained due to either thermal or stability limits. [We have also recently commissioned series capacitor installations to improve the ratings of some of our 500 kV circuits.]
A final note: capacitor output is all or nothing, and varies as the square of the applied voltage. Reactors have a similar characteristic, but since it's based on frequency and since there is typically far less variation in frequency than in voltage profile, VAR consumption by reactors is almost pegged...
The latest thing is to use Static VAR Compensators [SVCs] which consist of a combination of reactors and thyristor-switched capacitors; SVC's can thus have a soothly adjustable 'lagging' reactive buck / boost function, for example, from 40 MX 'in' to 60 MX 'out.' As a power system operator, I consider these the cat's miaow; they're almost as good as a synchronous condenser...
Autotransformer tertiary windings often prove a very handy place to hook these gizmos up.
Hope this was at least interesting, even if it didn't help...
CR