Yeah, that's also what I see in my home country - Portugal - which even though it has a ton of electricity generated from renewables (outside draught years, the average is now around 75%, down to around 45% in draught years because so much of it is hydro) but electricity prices aren't really down much.

The local scam, set up by the totally corrupt politicians we have around here, was to increase "connection to the network" fees and "administrative" costs, so for me who was an early adopter of things like LED lights and even chose the components of my PCs based partly on power consumption hence tend to use a below average amount of power, outside the Winter months (were I use a lot of power for heating, as houses here are shit in terms of thermal isolation), most months half my electricity bill is those costs and only half is the actual cost of the power consumed.

So even that way I described to work around the electricity providers in my last post is only partly useful around here because one pays quite a lot merelly for being connected - I suspect that's the way politicians together with the largest power companies (the biggest of which being the privatized state power company, which "curiously" employs in highly paid positons lots of politicians from the two main political parties here and is suspect in at least one large corruption case going through the courts) came up with to make sure than in a country with a lot of sun people didn't just move en masse to self-generation with solar panels: unless one can generate enough to satisfy one's needs the whole year, day and night (which means not just having more panels, but also sufficient power storage), one still needs a connection to the grid for times when self generation is not enough, and merelly having that connection is expensive.

Unsurprisingly solar self-generation in Portugal - the country in Europe whose capital has the most hours of sunshine of all European capitals - is way below even countries with far worse conditions for it, like Germany.

This is part of what I meant when I talked about the "inertia" in the system: in countries like Belgium and Portugal there's also a lot of "bought laws", "bought politicians" and other forms of entrenchment of such big businesses that have nothing to do with free markets and are used to the delay the transition so as to protect the profits of those businesses (and the board memberships and consulting fees they give the politicians).

Normal people then suffer because they're still paying a lot for something that's way more cheaper to produce than before.

Compare this with for example Finland, were you can actually get paid (I KID YOU NOT!) for using power at certain times of the day during Summer because there is so much power generation due to renewables that wholesale market prices turn negative and consumers with the kind of contract that fully exposes them to those prices will thus even get such extreme upsides of renewables as getting paid for using power.

This shit will eventually at least partially correct itself one way or the other (for example things like balcony solar will add further pressure for change) but it might take decades and meanwhile the gains of cheaper power generation due to renewables will keep being mostly captured by a handful of people which indirectly does things like delaying EV adoption because people who like you try using EVs (I don't even have a car because I refuse to get one and can live without one) don't really gain from having an EV instead of an ICE.

The consequences of the rot at the very top of politics in the Neoliberal age have far more widespread and long-lasting impacts that the it had back in the times when its was merelly people in the city hall getting a brown envelope with money for "expediting" some building license.