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:
“Persistence in a single view has never been regarded as a merit in political leaders.”
—Marcus Tullius Cicero (106–43 B.C.)
“In order to really enjoy a dog, one doesn’t merely try to train him to be semihuman. The point of it is to open oneself to the possibility of becoming partly a dog.”
—Edward Hoagland (b. 1932)