Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets
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...
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ftulundlup:oai:lup.lub.lu.se:44d34612-464d-403b-8591-2346bbd99b62 2023-05-15T17:27:43+02:00 Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets Cherry, J Cullen, H Visbeck, M Small, A Bertacchi Uvo, Cintia 2005 https://lup.lub.lu.se/record/211947 https://doi.org/10.1007/s11269-005-3279-z eng eng Springer https://lup.lub.lu.se/record/211947 http://dx.doi.org/10.1007/s11269-005-3279-z wos:000233530900001 scopus:29244457236 Water Resources Management; 19(6), pp 673-691 (2005) ISSN: 0920-4741 Water Engineering hydropower energy North Atlantic oscillation social impacts impacts climate contributiontojournal/article info:eu-repo/semantics/article text 2005 ftulundlup https://doi.org/10.1007/s11269-005-3279-z 2023-02-01T23:27:56Z 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. Article in Journal/Newspaper North Atlantic North Atlantic oscillation Lund University Publications (LUP) Norway Water Resources Management 19 6 673 691 |
institution |
Open Polar |
collection |
Lund University Publications (LUP) |
op_collection_id |
ftulundlup |
language |
English |
topic |
Water Engineering hydropower energy North Atlantic oscillation social impacts impacts climate |
spellingShingle |
Water Engineering hydropower energy North Atlantic oscillation social impacts impacts climate Cherry, J Cullen, H Visbeck, M Small, A Bertacchi Uvo, Cintia Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
topic_facet |
Water Engineering hydropower energy North Atlantic oscillation social impacts impacts climate |
description |
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. |
format |
Article in Journal/Newspaper |
author |
Cherry, J Cullen, H Visbeck, M Small, A Bertacchi Uvo, Cintia |
author_facet |
Cherry, J Cullen, H Visbeck, M Small, A Bertacchi Uvo, Cintia |
author_sort |
Cherry, J |
title |
Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
title_short |
Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
title_full |
Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
title_fullStr |
Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
title_full_unstemmed |
Impacts of the North Atlantic Oscillation on Scandinavian hydropower production and energy markets |
title_sort |
impacts of the north atlantic oscillation on scandinavian hydropower production and energy markets |
publisher |
Springer |
publishDate |
2005 |
url |
https://lup.lub.lu.se/record/211947 https://doi.org/10.1007/s11269-005-3279-z |
geographic |
Norway |
geographic_facet |
Norway |
genre |
North Atlantic North Atlantic oscillation |
genre_facet |
North Atlantic North Atlantic oscillation |
op_source |
Water Resources Management; 19(6), pp 673-691 (2005) ISSN: 0920-4741 |
op_relation |
https://lup.lub.lu.se/record/211947 http://dx.doi.org/10.1007/s11269-005-3279-z wos:000233530900001 scopus:29244457236 |
op_doi |
https://doi.org/10.1007/s11269-005-3279-z |
container_title |
Water Resources Management |
container_volume |
19 |
container_issue |
6 |
container_start_page |
673 |
op_container_end_page |
691 |
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1766120001300856832 |