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Jun 16, 2022 · Market Prices for Natural Gas Continue to Rise: OEB Works to Smooth the Impact of Cost Increases for Ontario Customers The Ontario Energy Board (OEB) has approved new natural gas prices for Enbridge Gas Inc. (Enbridge), including
- Natural gas rates
View past natural gas rates. How often does the Ontario...
- Natural gas rates
At a national level, prices for natural gas are averaging $3.14/GJ going into the heating season, marking a five-year high for the eighth month in a row. Nevertheless, natural gas in Canada continues to have a significant afordability advantage for consumers, compared with electricity and other heating options.
2 days ago · View past natural gas rates. How often does the Ontario Energy Board set new rates? We set rates for the natural gas that you use (supply) 4 times a year. Natural gas is a commodity that is traded on North American markets. Market prices rise and fall based on current supply and demand. Major weather events can also affect the market price.
- Overview
- Regular Gasoline Retail Prices
- Retail Diesel Prices
- Average Natural Gas Spot Prices
- Ontario Natural Gas Storage Balances
- Average Monthly Natural Gas Bills
- Propane Market
- Eastern Canadian Propane Inventories
Download the data used to create this reportfrom the Ontario open data catalogue. Source: Ministry of Energy fuel prices. Source: Dawn and AECO from Canadian Enerdata Ltd.; Henry Hub from U.S.Energy Information Administration. Source: OEBNatural Gas Rates effective October 1, 2021. Ontario natural gas storage level(at quarter end) 325.7 Petajoule (...
Source: Ministry of Energy. All prices in Current Dollars per litre. Provincial, Southern and Northern Ontario averages are weighted by population. Fuels price survey information Torontofootnote 1 regular unleaded gasoline retail prices in Q4 2021 were 40.7 cents per litre (¢/L) higher than in Q4 2020. This was the result of higher crude oil costs ...
Source: Ministry of Energy. All prices in Current Dollars per litre. Provincial, Southern and Northern Ontario averages are weighted by population. Fuels price survey information Torontofootnote 3 retail diesel prices in Q4 2021 were 42.5 ¢/L higher than in Q4 2020. This was the result of higher crude oil costs (+25.1 ¢/L) and higher wholesale marg...
Quarterly average natural gas spot prices at select trading hubs
Source: Dawn and AECO from Canadian Enerdata Ltd.; Henry Hub from U.S. Energy Information Administration. Note: Prices for Dawn, Henry Hub, and AECOare based upon daily closing spot prices.
Annual Average Natural Gas Spot Prices at Select Trading Hubs
Source: Dawn and AECOfrom Canadian Enerdata Ltd.; Henry Hub from U.S. Energy Information Administration.
Natural Gas Price Forecasts for Select Trading Hubs, 2021-2022
Source: Deloitte Price Forecast - Oil, Natural Gas, & Chemicals – December 31, 2021.
Monthly closing inventories in Ontario
In Ontario, natural gas is stored primarily at Dawn, ON. According to seasonal patterns, storage levels normally peak in late October or early November as withdrawals for natural gas heating begin to outpace storage injections. Prices are also more likely to see a cyclical rise during the winter heating season. Utilities buy a certain amount of natural gas during the summer months when the price is cheaper. The supply is stored, and then delivered to customers during the colder months.
While natural gas prices are set quarterly, natural gas customers are billed monthly. As natural gas consumption patterns change from month to month, so does the size of a customer's natural gas bill. Therefore, while natural gas rates stay the same over a three- month period, the size of the bill can vary based upon the level of consumption, with ...
Ontario’s propane market is not subject to economic regulation or oversight by the Ontario Energy Board (OEB). Wholesale propane commodity prices are determined in a competitive, integrated North American market. In Ontario, propane distributors compete to supply end-users and retail prices are set through transactions between a distributor and a c...
Monthly Propane Storage Supplies for Eastern Canada
Source: Canada Energy Regulator.
The line graph displays the monthly average natural gas spot prices at Dawn (ON), Henry Hub (US) and AECO (AB), in dollars per gigajoule, from March 2020 to March 2021, with an additional forecast for 2021 and 2022. Quarterly average natural gas spot prices at select trading hubs ($/GJ)
Compared to prices in the US, Europe, and Asia, the benchmark price in Canada is as much as 83% lower as of mid year 2022. Afordability is front-of-mind for many Canadians in the face of rising inflation. Natural gas afordability has been and remains key for Canadians’ wellbeing.
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How much does natural gas cost in Canada?
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How much does natural gas cost in 2022?
Sep 23, 2021 · Rising commodity prices, while bad news for consumers, are good news for Canada's natural gas sector. Improved balance sheets should result in increased spending, production, and employment into 2022.
