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.
Read more about this topic: Merit Order
Famous quotes containing the words merit, order, british, electricity and/or market:
“Our impartiality is kept for abstract merit and demerit, which none of us ever saw.”
—George Eliot [Mary Ann (or Marian)
“The present era grabs everything that was ever written in order to transform it into films, TV programmes, or cartoons. What is essential in a novel is precisely what can only be expressed in a novel, and so every adaptation contains nothing but the non-essential. If a person is still crazy enough to write novels nowadays and wants to protect them, he has to write them in such a way that they cannot be adapted, in other words, in such a way that they cannot be retold.”
—Milan Kundera (b. 1929)
“You don’t know Leonie. She married me to achieve insecurity, and now you’re trying to take it away from her.”
—David Mercer, British screenwriter, and Karel Reisz. Morgan (David Warner)
“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)
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (1803–1882)