Why gas still rules power prices

Why gas still rules power prices

From Business Daily by BBC World Service

April 28, 2026 · 17 min

About this episode

This episode explores the relationship between natural gas prices and electricity costs, with a focus on potential renewable solutions like hydropower in Ethiopia.

The price of natural gas has shot up around the world after the war began in Iran, but how is the gas price linked to electricity in some countries more so than others? We’ll be looking at how gas still sets the power prices so often. We’ll also look at Ethiopia, to see if hydropower could be a solution for other places who want renewables to bring down the cost of bills. If you'd like to get in touch with the team, our email address is businessdaily@bbc.co.uk Presented and produced by Rick Kelsey Business Daily is the home of in-depth audio journalism devoted to the world of money and work. From small startup stories to big corporate takeovers, global economic shifts to trends in technology, we look at the key figures, ideas and events shaping business. Each episode is a 17-minute, daily deep dive into a single topic, featuring expert analysis and the people at the heart of the story. Recent episodes explore the weight-loss drug revolution, the growth in AI, the cost of living, the economic impact of the war in the Middle East, and why bond markets are so powerful. We also feature in-depth interviews with company founders and some of the world's most prominent CEOs. These…

People in this episode

Host: Rick Kelsey

Topics covered

  • natural gas prices
  • electricity pricing
  • renewable energy
  • hydropower
  • economic impact

Keywords

  • natural gas
  • electricity prices
  • Ethiopia
  • hydropower
  • renewables
  • energy costs
  • Iran

Mentioned in this episode

Organizations: BBC World Service

Places: Iran, Ethiopia

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