LCOE is a terrible metric for the power grid because it does not capture the cost of balancing the power grid.
replyExcess renewable power is great but it creates a problem and the cost of that problem is not borne by the generators that created the problem.
What LCOE captures in this context is that solar panels are cheap and that the fuel cost is zero.
The average price of electricity is greatly affected by this, which is why electricity is Europe is generally more expensive than in North America.
That is not entirely correct. Typically you will see LCOE for Solar grouped with the LCOE of Solar and energy storage.
replyEG: > Solar photovoltaic $1,327 $1,333–2,743 $31–146 12–30% > Solar PV with storage $1,748 $2,044 $53–81 20–31%
https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#...