Energy markets explained

Professor Mike Waterson explains energy markets, pricing and supply in a podcast for the BBC

The price of electricity and gas is on everyone's mind, but it can be hard to understand how the energy market works. What is the role of energy companies? What's the difference between wholesale prices and consumer prices? Where does our energy come from? How do you make sense of an energy bill? And most importantly, how can you best reduce your consumption?

Professor Mike Waterson of University of Warwick and CAGE explains all for the BBC Radio 4 podcast series Understanding the Economy.

Listen to the podcast