Impacts of the North Atlantic Oscillation on Scandinavian Hydropower Production and Energy Markets

Jessie Cherry (), Heidi Cullen, Martin Visbeck, Arthur Small and Cintia Uvo

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), 2005, vol. 19, issue 6, 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 prices in Scandinavia. The potential influence of skillful climate prediction is discussed. Copyright Springer Science + Business Media, Inc. 2005

Keywords: North Atlantic oscillation; social impacts; energy; hydropower; climate impacts (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s11269-005-3279-z

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