No. It might help a tiny, tiny bit, but
not very much at all. It would also
consume electricity (even if nothing was
connected to the secondary). With no load,
you are basically using it as an inductor,
which is the opposite of a capacitor.
A better option would be to use a passive
coupler. If you don't feel comfortable
opening up your breaker panel, you can get
ones that will plug into a dryer outlet.
For more information see my tutorial at:
http://www.x10.webhop.org/Phase_Coupling.htm As for vendors, you can do some searches
online, but I find Automated Outlet has
reasonable prices and they seem reputable.