The merit order is a way of ranking available sources of energy, especially electrical generation, in ascending order of their short-run marginal costs of production, so that those with the lowest marginal costs are the first ones to be brought online to meet demand, and the plants with the highest marginal costs are the last to be brought on line.
Read more about Merit Order: The Merit Order in The British Electricity Market, The Effect of Renewable Energy On Merit Order, The Effect of Intermittency On Merit Order
Famous quotes containing the words merit and/or order:
“The arrogance that accompanies merit offends us even more than the arrogance of people who are lacking in merit: since merit itself offends us.”
—Friedrich Nietzsche (1844–1900)
“In order to exist just once in the world, it is necessary never again to exist.”
—Albert Camus (1913–1960)