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Oct 12, 2021 · In Germany, electricity prices leaped last week to their highest level on record, up more than six times from a year ago. In Spain, where gas-fired power generation plays a larger role in setting electricity prices, the increase was even higher. In recent weeks, lower-than-expected wind generation has provided additional upward pressure.
Despite total energy use declining by 21%, electricity demand grows 44% from 2021 to 2050 in the Evolving Policies Scenario, much of it from new areas such as electric vehicles and hydrogen production. Canada’s electricity system also gets greener, going from 82% low and non-emitting in 2021 to 95% in 2050. NG + CCS = Natural Gas with Carbon ...
Future natural gas demand: As climate policy announcements and ambition increase around the world, many global scenarios have shown a significant reduction in global natural gas demand (see textbox “Global fossil fuel market dynamics and implications for Canadian production trends”). If these ambitions are realized, falling natural gas demand could have significant impacts on market prices ...
Mar 9, 2022 · Primary energy production closed 2021 at 1.9 million terajoules in December, a decrease of 1.0% year over year. Despite the slight decline, December 2021 was the highest production month since January 2021. Year over year, primary energy production had been on a steady rise in 2021, attributable to the significant impact of the COVID-19 ...
- Oil Sands Continue to Drive The Increase in Crude Oil Production
- Natural Gas Production and Consumption Continue to Increase
- Electricity Generation and Consumption Fall Year Over Year on Lower Demand
- Coal Production and Exports Decline Year Over Year
- Contact Information
Production of crude oil and equivalent products continued to increase in July, up 15.2% year over year to 23.7 million cubic metres, the highest production volume since January 2021. The ongoing recovery of global demand and rising prices for crude oil and petroleum products were among the primary contributing factors. Oil sands extraction rose by ...
Production of marketable natural gas rose 8.3% to 597.8 million gigajoules in July, the largest year-over-year increase since November 2017 (+9.2%). Meanwhile, total deliveries of natural gas to Canadian consumers rose 8.9% year over year in July to 309.3 million gigajoules. Robust demand by the Canadian industrial sector (+10.6%) contributed to th...
Following year-over-year increases in May (+2.7%) and June (+3.5%), electricity generation fell 5.4% to 49.9 million megawatt-hours (MWh) in July. Hydro (-6.3%) and nuclear (-9.3%) generation were the main contributors to the overall decline in July, while electricity generated from combustible fuels (-0.4%) and solar (-18.1%) also declined. In con...
Coal production edged down 0.2% to 3.0 million tonnes in July, the first year-over-year decline in 2021, while exports fell 15.1% to 1.4 million tonnes. Coke production declined 5.9% to 168 350 tonnes.
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Sep 17, 2021 · Posted: September 17, 2021 2:37 PM. Natural gas prices have climbed to some of their highest levels in years, with the increases expected to ripple into people's gas bills as winter fast ...
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Canada’s Energy Future is a yearly report that explores possible energy futures for Canadians over the long term. It covers all provinces and territories, and all energy commodities like oil, solar, wind, and more. This year, we introduce net-zero modelling for the first time. We do this by examining six possible electricity scenarios in a ...
