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:
“After many centuries, those crescents yet unwaning shine, and count a devotee for every worshiper of yonder crosses. Truth and Merit have other symbols than success.”
—Herman Melville (1819–1891)
“There might be a class of beings, human once, but now to humanity invisible, for whose scrutiny, and for whose refined appreciation of the beautiful, more especially than for our own, had been set in order by God the great landscape-garden of the whole earth.”
—Edgar Allan Poe (1809–1849)