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:
“Dug from the tomb of taste-refining time,
Each form is exquisite, each block sublime.
Or good, or bad,—disfigur’d, or deprav’d,—
All art, is at its resurrection sav’d;
All crown’d with glory in the critic’s heav’n,
Each merit magnified, each fault forgiven.”
—Martin Archer, Sir Shee (1769–1850)
“People press toward the light not in order to see better but in order to shine better.—We are happy to regard the one before whom we shine as light.”
—Friedrich Nietzsche (1844–1900)