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:
“Though learned, well-bred; and though well-bred, sincere;
Modestly bold, and humanly severe:
Who to a friend his faults can freely show,
And gladly praise the merit of a foe?”
—Alexander Pope (1688–1744)
“In order to feel good about himself, a child must be successful in his own eyes, not just in your eyes. Self-esteem is an inner feeling: Sometimes it corresponds with outer reality, and sometimes it doesn’t.”
—Stanley I. Greenspan (20th century)