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)
“Don’t order any black things. Rejoice in his memory; and be radiant: leave grief to the children. Wear violet and purple.... Be patient with the poor people who will snivel: they don’t know; and they think they will live for ever, which makes death a division instead of a bond.”
—George Bernard Shaw (1856–1950)