Renewables are cheap per kWh, but they are only intermittently available, and since storage is basically nonexistent at grid scale, these kWh are only worth anything if there is demand for them, and are useless when there is demand, but sun is not shining or wind is not blowing. In effect, you still need to have some other way to produce electricity on demand, when there is no renewable supply. What’s worse is that if these more flexible sources of electricity (typically coal or gas) cannot compete with renewables when they do produce, they need to charge much more when renewables are out, in order to stay profitable — otherwise, they’d close, and we’d wouldn’t be able to meet the demand at all times. This would result in customers getting disconnected with very little notice, making them very unhappy.
To sum up, it’s more expensive, because even as renewables grow in installed capacity, we cannot reduce installed capacity of fossil sources on 1-1 parity, and also we pay more per fossil generated kWh than we used to in all-fossil grid. Cheap grid-scale storage would solve this, but it’s no going to happen any time soon.