Yes. The dissipation is the same in the positive and negative half-cycles,
so blocking the current in one direction halves the average dissipation.
The diode drops some voltage when conducting, so the dissipation is
slightly less than half in real life.
Cheers
Phil Hobbs
--
Dr Philip C D Hobbs Principal Consultant
ElectroOptical Innovations LLC / Hobbs ElectroOptics Optics,
Electro-optics, Photonics, Analog Electronics