Easiest way to understand it in solar terms - capacity is kWp, EAF is %kWp used, demand is load.
If the load goes up, kW generated increases towards kWp, up till peak capability of the panels.
If demand goes up, EAF increases towards capacity, up till peak capability of the plant.
Assuming a normal clear day at midday, if you have 10 kWp of panels, a load of 8.5 kW and you're only generating 7 kW of power, then you have a problem.
If your plant can generate 1,000MW of power, your demand is 800MW and your EAF is 70%, you also have a problem.
It's pointless talking about EAF without cross-referencing the demand at that point in time. It's not the ability to meet demand, but it's proportionally linked to demand...