math_sci_tech on Nostr: 3/ Results and Discussion The chart with the two models is shown below. It can be ...
3/ Results and Discussion
The chart with the two models is shown below. It can be seen that even when assuming constant electricity price, the CoP price strongly correlates to the actual price over a long time period. However, at 10 cents per kWhr, it ends up sightly overestimating the absolute breakeven price (given by the price floor) during the more recent period. The varying price model corrects for this aspect. I used the later model in all the other charts in this post.
The chart with the two models is shown below. It can be seen that even when assuming constant electricity price, the CoP price strongly correlates to the actual price over a long time period. However, at 10 cents per kWhr, it ends up sightly overestimating the absolute breakeven price (given by the price floor) during the more recent period. The varying price model corrects for this aspect. I used the later model in all the other charts in this post.