Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets
Author
Summary, in English
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.
Department/s
Publishing year
2005
Language
English
Pages
673-691
Publication/Series
Water Resources Management
Volume
19
Issue
6
Document type
Journal article
Publisher
Springer
Topic
- Water Engineering
Keywords
- hydropower
- energy
- North Atlantic oscillation
- social impacts
- impacts
- climate
Status
Published
ISBN/ISSN/Other
- ISSN: 0920-4741