Solar is priced based on gas prices as a financial incentive to encourage producers to build solar. That’s because profiting from the difference between the cost of production for solar and the cost of production from gas is supposed to be the incentive to build solar.

The gas prices went up massively in 2022 with the war in Ukraine, and even though that subsided before the war in Iran a little, the existing supply companies are not going to give back an increase in the price they’ve gained because their prices dropped.