Publication Date:
2016-04-26
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 NAOmovements on hydropower production and energy prices in Scandinavia. The potential
influence of skillful climate prediction is discussed.
Type:
Article
,
NonPeerReviewed
Format:
text
Format:
text
