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:
“Hereditary property sophisticates the mind, and the unfortunate victims to it ... swathed from their birth, seldom exert the locomotive faculty of body or mind; and, thus viewing every thing through one medium, and that a false one, they are unable to discern in what true merit and happiness consist.”
—Mary Wollstonecraft (1759–1797)
“The fact that behavior is “normal,” or consistent with childhood development, does not necessarily make it desirable or acceptable...Undesirable impulses do not have to be embraces as something good in order to be accepted as normal. Neither does children’s behavior that is unacceptable have to be condemned as “bad,” in order to bring it under control.”
—Elaine Heffner (20th century)