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:
“So that if you would form a just judgment of what is of infinite importance to you not to be misled in,—namely, in what degree of real merit you stand ... call in religion and morality.—Look,—What is written in the law of God?—How readest thou?—Consult calm reason and the unchangeable obligations of justice and truth;Mwhat say they?”
—Laurence Sterne (1713–1768)
“My trade and my art is living. He who forbids me to speak about it according to my sense, experience, and practice, let him order the architect to speak of buildings not according to himself but according to his neighbor; according to another man’s knowledge, not according to his own.”
—Michel de Montaigne (1533–1592)