London (Platts)--13Aug2014/850 am EDT/1250 GMT
UK prompt power prices rose on Wednesday, posting strong gains for the second consecutive day, as forecasts of waning wind generation and shutdown of nuclear reactors tightened supply, one market source said.
The baseload day-ahead power price rose to GBP39.60/MWh on Wednesday, rising more than GBP2 in value above the previous close of GBP37.10/MWh, while the peakload price for Thursday delivery also jumped to GBP44.10/MWh, adding GBP3.60 on the day.
Prompt prices continued to rise as "supply is tightening," despite stable demand, one trader said, as the shutdown of four nuclear reactors in the UK curtailed supply.
According to National Grid data, surplus margins are set to tighten on Thursday to 10.4 GW, down nearly 1 GW from Wednesday's supply margin expectations of 11.3 GW.
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