The Merit Order in The British Electricity Market
The merit order was the method used in the electricity market of Great Britain when electrical power generation was the responsibility of a single integrated utility (the CEGB). After privatisation of the sector this was replaced by a more complex bidding system, the electricity pool, in 1990.
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Famous quotes containing the words merit, order, british, electricity and/or market:
“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)
“Revolution is like the daughters of Pelias: it cuts humanity to pieces in order to rejuvenate it.”
—Georg Büchner (1813–1837)
“The House of Lords is the British Outer Mongolia for retired politicians.”
—Tony Benn (b. 1925)
“Prudence and justice tell me that in electricity and steam there is more love for man than in chastity and abstinence from meat.”
—Anton Pavlovich Chekhov (1860–1904)
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)