The certainty that renewables continue to fall in price; the rest don’t

The least accurate forecasts for future Levelized cost of energy (LCOE) come from the most famous bodies such as the international Energy Agency, and similar government bodies in the US and Europe. You can take your pick which is the reason for this, a) Because the IEA was set up to promote oil interests in 1974 b) Its methodology sucks. But either way it’s because it has had trouble coming up with a model which fits the data for the past ten years. The only model we have seen papers on where the pricing fall of the last ten year fits, were based on Wright’s Law – the idea that costs fall by a set percentage every time the total…