Residual production added to our database

A new and more accurate price driving variable is added to EQ’s database. We have named it Residual production. The new variable is derived using the fact that an area’s power usage must equal its indigenous production, plus import. Put down as an equation you get that at all times: Consumption + Export = Wind + SPV + Nuc + Import + Residual production. Rearranging yields the following expression:Residual production = Con – Wind – SPV – Nuc + net Export = Residual load - Nuc + net Export. The first equation shows that Residual production simply equals the production that is not explained, yet. However, the variable is very much dependent on the highly volatile variable, net Export. Feel free to help yourselves in our database.