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

Cherry, J; Cullen, H; Visbeck, M; Small, A and Bertacchi Uvo, Cintia LU (2005) In Water Resources Management 19(6). p.673-691
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 NAO movements on hydropower production and energy... (More)
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. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
hydropower, energy, North Atlantic oscillation, social impacts, impacts, climate
in
Water Resources Management
volume
19
issue
6
pages
673 - 691
publisher
Springer
external identifiers
  • wos:000233530900001
  • scopus:29244457236
ISSN
0920-4741
DOI
10.1007/s11269-005-3279-z
language
English
LU publication?
yes
id
44d34612-464d-403b-8591-2346bbd99b62 (old id 211947)
date added to LUP
2007-08-15 09:38:21
date last changed
2017-07-09 04:16:21
@article{44d34612-464d-403b-8591-2346bbd99b62,
  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 NAO movements on hydropower production and energy prices in Scandinavia. The potential influence of skillful climate prediction is discussed.},
  author       = {Cherry, J and Cullen, H and Visbeck, M and Small, A and Bertacchi Uvo, Cintia},
  issn         = {0920-4741},
  keyword      = {hydropower,energy,North Atlantic oscillation,social impacts,impacts,climate},
  language     = {eng},
  number       = {6},
  pages        = {673--691},
  publisher    = {Springer},
  series       = {Water Resources Management},
  title        = {Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets},
  url          = {http://dx.doi.org/10.1007/s11269-005-3279-z},
  volume       = {19},
  year         = {2005},
}