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

被引:0
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作者
Jessie Cherry
Heidi Cullen
Martin Visbeck
Arthur Small
Cintia Uvo
机构
[1] Columbia University,Lamont
[2] The Weather Channel and Georgia Institute of Technology,Doherty Earth Observatory
[3] Columbia University,Lamont
[4] Columbia University,Doherty Earth Observatory
[5] Lund University,School of International and Public Affairs
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关键词
North Atlantic oscillation; social impacts; energy; hydropower; climate impacts;
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摘要
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.
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页码:673 / 691
页数:18
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