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.

https://m.primal.net/KQfj.png