"Varisine" = Pulse Width Modulation (from the Eddi website).
PWM chops off parts of an AC waveform to reduce the average power - ie on for a bit off for a bit. The Eddi and Paladin are doing the same thing.
My HWC has a 3.2kW element. When the Paladin is diverting, my mains sits at 0 - nothing in, nothing out. It's that simple. Turn the kettle on, less gets diverted. Making more solar that house baseload and HWC can use? Export.