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:
“There are few things more difficult than to appraise the work of a man suddenly dead in his youth; to disentangle “promise” from achievement; to save him from that sentimentalizing which confuses the tragedy of the interruption with the merit of the work actually performed.”
—Ezra Pound (1885–1972)
“The intellectual is a middle-class product; if he is not born into the class he must soon insert himself into it, in order to exist. He is the fine nervous flower of the bourgeoisie.”
—Louise Bogan (1897–1970)