Saco, for devices that are setup for 220 volts, such as inductive motors, they don't run faster at higher voltages. One can't take a 120 volt inductive motor and plug into 220 volts, bad things will happen. The coils in the motor are specifically wound for a voltage/current and can't be interchanged. The speed of inductor motors is dependent on the frequency of the incoming mains, probably 50 hz. in your area. However, every device that has resistive loads are also designed to run at the designated mains voltage for best efficiency. For instance, a tea kettle with a resistive heating element that is designed for 120 volts would draw twice the current if plugged into 240 volts, which is very bad and would cause many problems, including increasing your electric bill. Again, bad things would happen if this was done. But, if you had a tea kettle that was designed to run on 220 volts and you plugged it into 120 volts, the current would be significantly less (almost half) as if you plugged it into 220 volts. This would save on your power biil, but, unfortunately, probably wouldn't boil water.
I hope this helps...