That being said, nobody in Germany has seen 5cents per kWh this century, from the bills I have from one friend since I had this discussion before the used to pay 26 cents per kWh during 2019, now he is on 47 cents. Still expensive but no way near 10x.
I don't know very well the details of how the energy industry works, but I can't quite explain those prices, being
the average price in Spain 0,2460 €/kWh nowadays (The link I have provided gives data from the end of May. At the moment it is a bit more expensive but nowhere near 47 cents).
I say this because Spain doesn't have oil either, it only has 5 nuclear power plants, it hardly burns coal to generate electricity. Except for the gas it receives from Algeria I don't understand how it can be so much cheaper than Germany.