There is a (IMHO) good explanation at https://www.next-kraftwerke.com/knowledge/what-does-merit-or...
Keyterms: "marginal cost", "merit order", "market-clearing price".
Hacker News new | past | comments | ask | show | jobs | submit Hacker News new | past | comments | ask | show | jobs | submitKeyterms: "marginal cost", "merit order", "market-clearing price".