Efforts to compare thermodynamic predictions of simulations with exper
iment have been thwarted by the approximations used in modeling the lo
ng-range electrostatic interactions. In a recent article Hummer et al.
proposed an explicit formula that accounts for most of the finite-siz
e effect in simulations of ion charging using periodic boundary condit
ions, In this Letter we have verified the numerical results of Hummer
et al, and we provide a simple theoretical argument that explains why
the solvent polarization free energy contains a contribution that larg
ely cancels the lattice self-energy, The cancellation depends on the f
act that the solvent is a high dielectric, We propose a finite size co
rrection formula that can be applied in both the low and high dielectr
ic limits.