California is a great example; highest electricity prices in the US (not counting Hawaii, which makes sense) despite significant hydro and fantastic solar capacity. In the last few years California runs 100% renewable on many days (and growing) every year.
Economics 101: prices are not set by what goods cost to create + markup. Prices are set by how much people are willing to pay.
Economics 101: prices are not set by what goods cost to create + markup. Prices are set by how much people are willing to pay.