Value chain · CLM-0303
In plain terms
A major financial advisory firm's own widely-used LCOE report says plainly that its numbers do not cover intermittency or total system cost.
The claim as recorded
Lazard states of its own LCOE+ analysis that it "does not consider the intermittent nature of selected renewable energy technologies or the related grid impacts of incremental renewable energy deployment," that it is "a cost-focused benchmarking tool, and not a planning tool or total system-cost analysis," and lists explicitly, in a published table, that it does not say "what total system costs are for 1 MWh of incremental electricity."
Scope and limits
Every page of the source PDF carries a "CONFIDENTIAL" template header; this is recorded as Lazard's standard boilerplate on its annual public release (obtained with no login from Lazard's own public research-insights page), consistent with every prior LCOE+ edition, but is flagged here in case that judgement needs revisiting.
What it assumes
No assumptions are recorded against this claim.
Where it comes from
PSRC-03 p.6: "Except as illustratively sensitized herein, this analysis does not consider the intermittent nature of selected renewable energy technologies or the related grid impacts of incremental renewable energy deployment." p.16: "Lazard's LCOE is a cost-focused benchmarking tool, and not a planning tool or total system-cost analysis." p.43, "Does Not Say" column: "What total system costs are for 1 MWh of incremental electricity."
Related records
- Answers question
- QST-021 not published in this release
Cite this
energyaperture.com/c/clm-0303
CLM-0303, Energy Aperture, as of 2026-07.
Connected records
Other published records linked to this one. A list, not a judgement.
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- Cited in articles