Gas burners carry other risks.
Western Canada's most accessible and cheapest natural gas reserves are dwindling at the same time demand for the fuel is soaring. As a result, gas prices in the Northwest, which relies on Canada for most of its gas supply, have more than doubled in the last year and are projected to stay high or rise further. Natural gas prices are on the rise. Double whammy for our wallets Higher gas prices boost home heating bills but they also raise our electricity rates. Electricity prices are increasingly influenced by the price of natural gas which has become the preferred fuel for power generation among utilities and other power producers.