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

Cherry, Jessie, Cullen, Heidi, Visbeck, Martin, Small, Arthur and Uvo, Cintia (2005) Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets Water Resources Management, 19 (6). pp. 673-691. DOI 10.1007/s11269-005-3279-z.

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Abstract

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 NAOmovements on hydropower production and energy prices in Scandinavia. The potential
influence of skillful climate prediction is discussed.

Document Type: Article
Keywords: NAO, scandinavian hydropower, North Atlantic oscillation, social impacts, energy, climate impacts
Research affiliation: OceanRep > GEOMAR > FB1 Ocean Circulation and Climate Dynamics > FB1-PO Physical Oceanography
Refereed: No
DOI etc.: 10.1007/s11269-005-3279-z
ISSN: 0920-4741
Date Deposited: 03 Dec 2008 16:51
Last Modified: 26 Apr 2016 09:50
URI: http://eprints.uni-kiel.de/id/eprint/7535

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