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The chaotic behaviour exhibited by a typical ferroresonant circuit in a neutral grounding system is investigated in this paper. In most earlier ferroresonance studies the core loss of the power transformer was neglected or represented by a linear resistance. However, this is not always true. In this paper the core loss of the power transformer is modelled by a third order series in voltage and the magnetization characteristics of the transformer are modelled by an 11th order two-term polynomial. Extensive simulations are carried out to analyse the effect of nonlinear core loss on transformer ferroresonance. A detailed analysis of simulation results demonstrates that, with the nonlinear core loss model used, the onset of chaos appears at a larger source voltage and the transient duration is shorter.