Natural gas consumption for power generation (“power burn”) in Canada’s most populous province of Ontario is on track for a monthly record based on data compiled in RBN’s Canadian NatGas Billboard. To mid-July 2025, the power burn has averaged 1.13 Bcf/d (black text in chart below), just slightly behind the record month of February 2025 when the burn was 1.17 Bcf/d (red text). The burn of February was compounded by colder than average weather and short-term unplanned outages at three of Ontario’s nuclear power generation sites, while the July burn has been driven by much warmer than average weather, creating large air conditioning loads.
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- Analyst Insight
Ontario’s January Gas Storage Withdrawals Second Largest on Record
Though January 2025 cold was average for Ontario, the province recorded its second largest gas storage withdrawal on record in the month and continued the tilt the gas market toward stronger fundamental price support in 2025.
- Analyst Insight
February Cold Pushes Strong Withdrawals from Alberta and Ontario Gas Storage
Gas storage levels in Alberta and Ontario are experiencing strong simultaneous withdrawals as cold weather in both regions, and elevated gas power burn in Ontario have stoked gas demand.
- Analyst Insight
Giddy-Up! Ontario Gas Storage Injections Need to Accelerate
Ontario gas storage is lagging well behind year ago levels and needs to accelerate injections prior to the start of the next injection season.
