U.K. power for delivery in September rose as the cost of natural gas increased. Electricity for the next working day was unchanged, maintaining a premium over corresponding prices in France. U.K. power for delivery in September increased 2.3 percent to 26.50 pounds ($53.72) a megawatt-hour, according to prices on Bloomberg from the broker GFI Group Inc. The contract traded at a record-high 26.75 pounds a megawatt-hour on July 23. Electricity gained as the corresponding price for gas advanced. Gas for September delivery gained 4.9 percent to a record 30.1 pence a therm, according to prices from the energy broker Spectron Group Plc. The higher gas cost may make generation more expensive for operators of gas-fired plants, which produce about 40 percent of Britain’s power. Electricity for the next working day was unchanged from the last price on July 27 for electricity delivered today, trading at 25 pounds a megawatt-hour. The equivalent contract for power delivered in France traded at 25.25 euros ($34.50) a megawatt-hour. France is connected to England by a 2,000-megawatt subsea cable, which enables traders to take advantage of price differences between the two countries. The U.K.’s price premium over France suggests that Britain will import power via the cable tomorrow. Britain was scheduled to import power from France at maximum capacity for most of today, according to information on a Web site run by RTE France, the power-transmission unit of Electricite de France SA. “Technical investigations are still ongoing” regarding a reduction in available capacity for exports from the U.K. to France on the cable, Gemma Stokes, a spokeswoman for National Grid Plc, said today in a telephone interview.

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