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:
“Without merit there should be no reward.”
—Chinese proverb.
“This event advertises me that there is such a fact as death,—the possibility of a man’s dying. It seems as if no man had ever died in America before; for in order to die you must first have lived.”
—Henry David Thoreau (1817–1862)
“Quite frankly, if you bed people of belowstairs class, they go to the papers.”
—Jane Clark, British millionaire politician’s wife. As quoted in Newsweek magazine, p. 15 (June 13, 1994)
“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)
“To throw obstacles in the way of a complete education is like putting out the eyes; to deny the rights of property is like cutting off the hands. To refuse political equality is like robbing the ostracized of all self-respect, of credit in the market place, of recompense in the world of work, of a voice in choosing those who make and administer the law, a choice in the jury before whom they are tried, and in the judge who decides their punishment.”
—Elizabeth Cady Stanton (1815–1902)