The reactive power is the part I knew, but it's more about the physical measuring. I've assumed that when I measured current with say my Fluke (obviously connected in series), the measured current was the actual current after the reactive losses.
A practical example is that recently I measured the current for a stereo amplifier. The 120VAC RMS is always just that (ignoring line fluctuations) and I measured 0.9xxA RMS (let's call it 1A RMS to make the math easier).
When I saw the 1A, I thought: due to the reactive components in the unit and inefficiencies, it's normal current consumption may be (using a random number) 0.7A, but the losses and the "real" current is 1A. Therefore the amps I'm reading is "real" and power being used is 120W or 120/1000kWh (which is the number I'd use to multiply all the associated costs on my electric bill to find the money spent per hour to run the amp).
I don't think you are reading the replies and properly thinking them through. The current you are measuring IS THE REAL CURRENT! Forget this nonsense about "normal" current and "real" current. Forget this nonsense about current "after reactive losses". Read this next sentence and don't move on until you have really understood it:
There is only one value for the current; it is the current you measure with your multimeter. There is in no sense "normal" current and "real" current, and "reactive losses" is a meaningless term. THE CURRENT YOU MEASURE
IS THE CURRENT.
You still don't seem to have grasped the fundamental principle:
a reactive load causes a phase shift between the current and the voltage. That is all it does, and that phase shift is what causes the normal wattage calculation to go wrong.
Now read this and, again, don't move on until you have truly got your head around it:
When there is a phase shift between the voltage and the current, you cannot use the formula watts = volts x amps.When there is a phase shift between the voltage and the current,
the wattage consumed is less than the product of the volts and the amps. How much less depends on the degree of phase shift.
Remove from your mind any concept of "reactive losses". Insert into your mind the concept of a phase shift between the voltage and the current. That is a true picture of what is happening.
The power factor (PF) is the cosine of the angle of the phase shift, and varies between 0 (90 degrees phase shift) and 1 (zero phase shift). To calculate the actual power consumption of a reactive load, use this:
watts = volts x amps x PF