Engineering usually determines what kind of capacitor banks we hang at my work, usually driven by the necessity for achieving better POWER FACTOR, which can be driven/determined by the state public service commision. Power factor has to do with achieveing "true working" power, not so much "inductive" or "reactive" power. Too much either way outside of "true power" can cause generators at power plant to "lag" or "lead". Not good for your transmission circuits. It's like not getting the best "bang for your buck."
So we still hang permanent (fixed) banks, time/temp. banks and VAR (controlled) banks (according to the kvar size of the capacitor - and what is needed for that location).
Our permanent banks now-a-days have oil switches on them, so they are always online but still much safer to work on than the "old fashioned" fixed/permanent banks.
COOL.
P.S. Lot of fancy words but I still have much to learn about them.