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:
“Because they did not see merit where they should have seen it, people, to express their regret, will go and leave a lot of money to the very people who will be the first to throw stones at the next person who has anything to say and finds a difficulty in getting a hearing.”
—Samuel Butler (1835–1902)
“In order to begin an analysis, there must already be a synthesis present in the mind.”
—Johan Huizinga (1872–1945)