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:
“Others greater than I have already eulogized you, but none of them ever had the pleasure I had to feel the caresses of your warm, soft hands, to merit your warm embrace that was reserved only for us, to see your half-smile that always told us so much, that same smile which is no longer, frozen in the grave with you.”
—Noa Ben-Artzi Philosof (b. 1978)
“I’ve never been afraid to step out and to reach out and to move out in order to make things happen.”
—Victoria Gray, African American civil rights activist. As quoted in This Little Light of Mine, ch. 3, by Hay Mills (1993)