The price of a commodity is equal to the highest of the lowest cost producers that can satisfy demand. Germany cannot satisfy demand with cheap renewables, so the marginal producer is expensive gas & nuclear.
German electricity is expensive because gas is expensive in Germany. Electricity will be expensive in Germany until Germany completely stops using gas shipped in via container ship.
German electricity is expensive because gas is expensive in Germany. Electricity will be expensive in Germany until Germany completely stops using gas shipped in via container ship.