Materiality and Merit order: Difference between pages
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1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant. | |||
2. Marginal economics of production when their marginal cost is below the power price. | |||
Revision as of 15:40, 6 April 2013
1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant.
2. Marginal economics of production when their marginal cost is below the power price.