Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets

J Cherry, H Cullen, M Visbeck, A Small, Cintia Bertacchi Uvo

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Sammanfattning

Dramatic swings in the North Atlantic oscillation (NAO) during the 1990s motivated the authors to build a statistical model of NAO impacts on hydropower production and energy markets in Scandinavia. Variation in the NAO index is shown to explain 55% of the variance of streamflow in Norway and up to 30% of the variance in Norway's hydropower output. It is also possible to identify the influence of NAO anomalies on electricity consumption and prices. Government liberalization allowed a financial market to grow around the international trading of electricity, which in Norway is produced almost entirely from hydropower. The model offers a possible tool for predicting the effects of future NAO movements on hydropower production and energy prices in Scandinavia. The potential influence of skillful climate prediction is discussed.
Originalspråkengelska
Sidor (från-till)673-691
TidskriftWater Resources Management
Volym19
Utgåva6
DOI
StatusPublished - 2005

Ämnesklassifikation (UKÄ)

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