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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Supplementary data:

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
Open Access Journal?: No
Publisher: Springer
Date Deposited: 03 Dec 2008 16:51
Last Modified: 26 Apr 2016 09:50
URI: https://oceanrep.geomar.de/id/eprint/7535

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