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:
“What I shall have to say here is neither difficult nor contentious; the only merit I should like to claim for it is that of being true, at least in parts.”
—J.L. (John Langshaw)
“They are the lovers of law and order who observe the law when the government breaks it.”
—Henry David Thoreau (1817–1862)