Wholesale prices flat in balanced market

edged down 0.20 euros to 33.44 euros per megawatt
hour (MWh), or $10.61/mmBtu, by 0900 GMT, LSEG data showed. The contract for September              was down 0.09 euros 
at 34.41 euros/MWh. 
The day-ahead contract             was up 0.10 euros at 
33.05 euros/MWh. 
In the British market, the day-ahead contract 
was 0.15 pence lower at 78.25 pence per therm.
Gas for power demand in Britain is forecast to rise by 26 million cubic metres (mcm) per day for Monday but is likely to 
be offset by more Norwegian flows, said LSEG analyst Yuriy 
Onyshkiv. 
An unplanned outage at the Norwegian Oseberg field is scheduled to end on Saturday. 
Spot gas prices were expected to oscillate around current levels of 32.5-33 euros/MWh for TTF and 73-77 p/therm for 
Britain, LSEG analysts said in a weekly report. 
There was nothing "massively new", one trader said.
"Looking into the seasons, I don't think traders want to be on the short side with so much supply uncertainty," he added, 
highlighting potential arbitration cutting pipeline supply, 
sanctions on Russian liquefied natural gas (LNG) and the coming 
hurricane season.
"While we think the near curve looks broadly fair value, we think Q4 24 prices look undervalued and expect market prices to 
reflect the reality that Russian gas flows through Ukraine will 
end from January 2025," Energy Aspects said in a weekly report. 
 
Higher prices later this year could result in LNG deliveries being deferred from September–October into November–December, 
supporting a 2.7 billion cubic metres (bcm) build in European 
floating storage, it added.
In the European carbon market, the benchmark contract eased by 0.14 euros to 70.21 euros a metric ton.