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AC - from WIkipedia
Power in an electric circuit is the rate of flow of energy past a given point of the circuit. In alternating current circuits, energy storage elements such as inductors and capacitors may result in periodic reversals of the direction of energy flow. The portion of power that, averaged over a complete cycle of the AC waveform, results in net transfer of energy in one direction is known as active power (sometimes also called real power). The portion of power due to stored energy, which returns to the source in each cycle, is known as reactive power.
Źródło: https://en.wikipedia.org/wiki/AC_power
What to look for when choosing an electrician?
Many people are primarily choosing electrical services it is guided by the low price. On the one hand, yes, you can save in this way, but cheaper services often turn out to be insufficient to complete the repair electrical wiring. Therefore, choosing an electrician check to see if it is popular with customers, and they have experience in the profession performed. It turns out that the more experienced electrical, the better and more efficiently, you can remove the fault. This allows customers to get quick help, which admittedly can be expensive, but avoid thanks to frequent call an electrician to our installation.
About electric industry
The electric power industry is the generation, transmission, distribution and sale of electric power to the general public. The electrical industry started with introduction of electric lighting in 1882. Throughout the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. Once an expensive novelty limited to the most densely populated areas, reliable and economical electric power has become a requirement for normal operation of all elements of developed economies.
By the middle of the 20th century, electric power was seen as a "natural monopoly", only efficient if a restricted number of organizations participated in the market; in some areas, vertically-integrated companies provides all stages from generation to retail, and only governmental supervision regulated the rate of return and cost structure.
Since the 1990s, many regions have opened up the generation and distribution of electric power to provide a more competitive electricity market. While such markets can be abusively manipulated with consequent adverse price and reliability impact to consumers, generally competitive production of electrical energy leads to worthwhile improvements in efficiency. However, transmission and distribution are harder problems since returns on investment are not as easy to find.
Źródło: https://en.wikipedia.org/wiki/Electric_power_industry