Power factor is a measure of how efficiently electrical power is consumed, with an ideal power factor of 1. A power factor less than 1 means extra power is needed to achieve the required task. Power factor is the ratio of true power to apparent power, which is equal to the cosine of the phase angle between current and voltage. Inductive loads have a lagging power factor while capacitive loads have a leading power factor. It is desirable to operate equipment at a high power factor to reduce costs and energy usage.