[asdefghyk]

RE ".....At solar and storage costs today, they are cheaper than existing fossil generation in all of Europe....." If so, are power prices decreasing in Europe?

  If not, there must be other costs not included, in the above statement?

[throwaway473825]

Europe isn't optimizing for lower prices. It's trying to phase out coal, which might lead to higher prices if gas is used more often:

https://www.theguardian.com/business/2025/apr/20/why-the-uks...

[toomuchtodo]

Lots of nuance, citations below, TLDR is fossil gas and hydro volatility from Russia and climate change has caused price levels seen. Europe avoided €59B in fossil fuel import costs due to new wind and solar in the EU since 2019. The evidence shows renewables have been restraining electrical cost increases, and as more renewables and storage is deployed, costs should remain flat (if not decline).

https://www.iea.org/reports/renewable-energy-market-update-j...

https://ember-energy.org/data/european-electricity-prices-an...

https://gmk.center/en/infographic/electricity-prices-in-euro...

https://www.cam.ac.uk/research/news/electricity-prices-acros...