This price of electricity is high because gas, which is still expensive, sets the price of electricity most of the time [1].
The levelized cost of electricity for solar (including batteries) and wind is cheaper than coal [2].
[1] https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of...
[2] https://www.ise.fraunhofer.de/en/press-media/press-releases/...