The main factor affecting the formal reduction potentials in biochemical or biological processes is most often the pH. To determine approximate values of formal reduction potentials, neglecting in a first approach changes in activity coefficients due to ionic strength, the Nernst equation has to be applied taking care to first express the relationship as a function of pH. The second factor to be considered are the values of the concentrations taken into account in the Nernst equation. To define a formal reduction potential for a biochemical reaction, the pH value, the concentrations values and the hypotheses made on the activity coefficients must always be explicitly indicated. When using, or comparing, several formal reduction potentials they must also be internally consistent.