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:
“The dance can reveal everything mysterious that is hidden in music, and it has the additional merit of being human and palpable. Dancing is poetry with arms and legs.”
—Charles Baudelaire (1821–1867)
“... the sentimentalist ... exclaims: “Would you have a woman step down from her pedestal in order to enter practical life?” Yes! A thousand times, yes! If we can really find, after a careful search, any women mounted upon pedestals, we should willingly ask them to step down in order that they may meet and help to uplift their sisters. Freedom and justice for all are infinitely more to be desired than pedestals for a few.”
—Bertha Honore Potter Palmer (1849–1918)