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:
“Be thou the first true merit to befriend;
His praise is lost who stays till all commend.”
—Alexander Pope (1688–1744)
“A. Well, an old order is a violent one.
This proves nothing. Just one more truth, one more
Element in the immense disorder of truths.”
—Wallace Stevens (1879–1955)