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:
“Give nobly to indigent merit, and do not refuse your charity even to those who have not merit but their misery.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“In order to shake a hypothesis, it is sometimes not necessary to do anything more than push it as far as it will go.”
—Denis Diderot (1713–1784)
“You British plundered half the world for your own profit. Let’s not pass it off as the Age of Enlightenment.”
—Paddy Chayefsky (1923–1981)
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)
“... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.”
—Agnes E. Meyer (1887–1970)