diff --git a/R/reportLCOE.R b/R/reportLCOE.R
index 7de1e249..a366d870 100644
--- a/R/reportLCOE.R
+++ b/R/reportLCOE.R
@@ -151,28 +151,6 @@ reportLCOE <- function(gdx, output.type = "both", gdx_ref = NULL) {
     # capacity additions per year
     vm_deltaCap <- readGDX(gdx, name = c("vm_deltaCap"), field = "l", format = "first_found")[, ttot, ]
 
-    # apply 'modifyInvestmentVariables' to shift from the model-internal time coverage (deltacap and investment
-    # variables for step t represent the average of the years from t-4years to t) to the general convention for
-    # the reporting template (all variables represent the average of the years from t-2.5years to t+2.5years)
-    if (!is.null(gdx_ref)) {
-      cm_startyear <- as.integer(readGDX(gdx, name = "cm_startyear", format = "simplest"))
-
-      vm_costInvTeDirRef <- readGDX(gdx_ref, name = c("vm_costInvTeDir", "v_costInvTeDir", "v_directteinv"),
-                                    field = "l", format = "first_found")[, ttot, ]
-      vm_costInvTeAdjRef <- readGDX(gdx_ref, name = c("vm_costInvTeAdj", "v_costInvTeAdj"),
-                                    field = "l", format = "first_found")[, ttot, ]
-      vm_deltaCapRef <- readGDX(gdx_ref, name = c("vm_deltaCap"),
-                                field = "l", format = "first_found")[, ttot, ]
-
-      vm_costInvTeDir <- modifyInvestmentVariables(vm_costInvTeDir, vm_costInvTeDirRef, cm_startyear)
-      vm_costInvTeAdj <- modifyInvestmentVariables(vm_costInvTeAdj, vm_costInvTeAdjRef, cm_startyear)
-      vm_deltaCap <- modifyInvestmentVariables(vm_deltaCap, vm_deltaCapRef, cm_startyear)
-    } else {
-      vm_costInvTeDir <- modifyInvestmentVariables(vm_costInvTeDir)
-      vm_costInvTeAdj <- modifyInvestmentVariables(vm_costInvTeAdj)
-      vm_deltaCap <- modifyInvestmentVariables(vm_deltaCap)
-    }
-
     vm_demPe      <- readGDX(gdx, name = c("vm_demPe", "v_pedem"), field = "l", restore_zeros = FALSE, format = "first_found")
     v_investcost  <- readGDX(gdx, name = c("vm_costTeCapital", "v_costTeCapital", "v_investcost"), field = "l", format = "first_found")[, ttot, ]
     vm_cap        <- readGDX(gdx, name = c("vm_cap"), field = "l", format = "first_found")