Merit Order: A Fresh Look – How Electricity Dispatch Really Works

Prof. Liebensteiner explains the basic economic principles of the Merit Order, a key concept in electricity supply dispatch. Additionally, a fact check addresses fundamental criticisms of the Merit Order.
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0:00 Intro
0:06 Criticism of the Merit Order
0:38 Gas price drives electricity price
0:55 Electricity supply & demand
2:00 Markets & price zones
3:00 Spot electricity trading - Merit Order
4:55 Fact check
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