I'm not deep into electricity pricing dynamics, but based on my intuition, shouldn't that rather have a dampening effect on electrification, as the gap widens?

I'm not deep into electricity pricing dynamics, but based on my intuition, shouldn't that rather have a dampening effect on electrification, as the gap widens? High gas prices + gap is small -> Big opportunity to undercut via cheaper methods like solar -> attractive investment -> more new builds High gas prices + gap is wide and widening -> Smaller and smaller opportunity to invest in solar, as the market is already dominated by solar prices -> less attractive investment -> less new builds Am I missing something here?