Merit Order definition

Merit Order means the priority order of a set of demand bids or supply offers that is determined on the basis of the offered price and, this being equal, on the basis of other reference parameters as defined herein;

Merit Order means an order for ranking available Production Facilities which order: (1) shall have as its aim the optimising of combined Total System and Desalinated water Production Capacity economy, security, stability and reliability; (2) shall give due consideration to incremental power purchase costs, incremental Transmission losses, Total System technical constraints and other technical and operational considerations; and (3) shall otherwise be determined by each Licensed Transmission System Operator in accordance with its Transmission Licence in relation to Production Facilities Connected to its System;

Merit Order means the priority order of a set of buy or sell orders entered into the M-GO, defined on the basis of the offered price and, if this price is equal, on the basis of other reference parameters defined herein;

Examples of Merit Order in a sentence

• This includes, but is not limited to, obligations relating to:(a) updated Standing Data under section 2.34;(b) Reserve Capacity Obligation Quantity under section 4.12;(c) Relevant Demand under clause 4.26.2CA;(d) Individual Reserve Capacity Requirements under clause 4.28.8;(e) a Non-Balancing Dispatch Merit Order under section 6.12;(f) a Dispatch Instruction or Operating Instruction under Chapter 7; and(g) a Dispatch Advisory under section 7.11.

• Out of Merit Order (OOM)The selection of Resources for Ancillary Services that would otherwise not be selected to operate because of their place (or absence) in the bidding process for that service.

• Where the prices described in Standing Data for two or more Demand Side Programmes are equal, then, for the purposes of determining the ranking in any Non-Balancing Dispatch Merit Order, AEMO must rank those Demand Side Programmes in decreasing order of the time since the Facility’s consumption was last reduced in response to a Dispatch Instruction.

• If not, ERCOT will notify the QSE.By 1800 • Evaluate Resource Plans to determine system security.• Evaluate RPRS needed to correct CSC, and Operational Congestion (OC) – Operational Model, and capacity insufficiency.By 1800 • Create Merit Order of RPRS by zone or Operational Constraint as applicable.By 1800 • Determine MCPC for RPRS by zone as applicable.By 1800 • Close and clear Day Ahead RPRS market.After 1800• Modify RPRS bids.

• When selecting Demand Side Programmes from the Non-Balancing Dispatch Merit Order, and subject to clause 7.6.1C, AEMO must select them in accordance with a WEM Procedure.

More Definitions of Merit Order

Merit Order means the ranking in order of which a generation plant should be used, based on the ascending order of price in correlation with amount of electricity that will be generated;

Merit Order means an order for ranking available Generation Units as shall be prescribed in the Grid Code and which order shall have as its aim the promotion of Renewable Energy and the optimising of the economy, security, stability and reliability of the Grid System of Bermuda and shall take fully into account cost considerations, and such order shall comply with the requirements of section 20(3) of the EA.

Merit Order means the order in which an electricity producer is taken into consideration according to the price offered to cover the National Power System (SEN) electricity demand.

Merit Order means ranking in order of which a generation plant should be used, based on ascending order of price together with amounts of electricity that will be generated;

Merit Order means: (i) for the energy market, the dispatch down service market or load shed service for imports, a list of operating blocks sorted by price; or (ii) for standby operating reserves, a list of procured volumes sorted by price

Merit Order means order of priority of various generating units under BBMB/ ISGS/SGS/IPPs etc. operating in synchronism with Northern Grid System, compiled by the State Load Despatch Centre (SLDC) pursuant to schedule and despatch requirements, generally in ascending order of variable cost of energy.

Merit Order means the sequence in which generation and storage systems are designated to deliver electricity, with the aim of economically optimizing the supply of electricity;