The effects of plasma collisionality on power balance and magnetic fluctuations have been studied on the Extrap T1 reversed-field pinch. A characteristic minimum in loop voltage is observed as the plasma collisionality decreases. The minimum is caused by an increase in the anomalous input power and coincides with a change of scaling of the magnetic fluctuations and a rapid increase of the electron mean free path. However, the increase of anomalous input power in the low collisional regime appears to have little influence on the total amount of energy stored in the plasma.