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:
“O that estates, degrees, and offices
Were not derived corruptly, and that clear honor
Were purchased by the merit of the wearer!”
—William Shakespeare (1564–1616)
“However, the danger in [socially unbalanced relationships] is that the subjection of the woman temporarily calms the man’s jealousy but also renders it more demanding. He ends up making his mistress live like those prisoners on whom light is shone day and night in order for them to be better watched. And things always end in tragedy.”
—Marcel Proust (1871–1922)