[adrianN]

That's a good argument. But how come that bread is not much more expensive in Germany compared to, say France, where electricity is much cheaper? I used to live very close to the French border and occasionally got my baguettes from there.

[kbart]

"But how come that bread is not much more expensive in Germany compared to, say France, where electricity is much cheaper?"

Because it's not the only factor. Many other factors might balance the price: labor cost, taxes, logistics etc. If electricity prices are as in France, maybe you would get even cheaper bread locally? I'm not trying to say that increase of prices would be dramatic, just wanted to point out that what you pay directly is not the end of it.