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.
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Famous quotes containing the words merit, order, british, electricity and/or market:
“Sentimentalists ... adopt whatever merit is in good repute, and almost make it hateful with their praise. The warmer their expressions, the colder we feel.... Cure the drunkard, heal the insane, mollify the homicide, civilize the Pawnee, but what lessons can be devised for the debauchee of sentiment?”
—Ralph Waldo Emerson (1803–1882)
“Power corrupts ... when the weak band together in order to ruin the strong, but not before. The will to power ... far from being a characteristic of the strong, is, like envy and greed, among the vices of the weak, and possibly even their most dangerous one.”
—Hannah Arendt (1906–1975)
“Comes from a fine family. So she tells me. Brother’s a priest, all that. But, you know, death, disaster, unfortunate investments. One day she’s a little princess, up on the hill. Next, she’s down there, working the bars for the best she can.”
—Peter Prince, British screenwriter, and Stephen Frears. Harry (Bill Hunter)
“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)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)