My guess is that a power grid engineer would include capacity factors, but I've never seen the mass media, politicians, or advocacy groups think like an engineer in this regard. Even making that adjustment it doesn't factor in seasonal variations. Not understanding these factors results in ignorant headlines like:

California just ran on 100% renewable energy, but fossil fuels aren't fading away yet https://www.npr.org/2022/05/07/1097376890/for-a-brief-moment...

Renewables are now way cheaper than coal https://energynews.us/newsletter/renewables-are-now-way-chea...