Valuation Struggles over Pricing

Determining the Worth of Wind Power

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Public policies such as feed-in tariffs have been widely introduced to stimulate the development of renewable energies, and sustain a decarbonisation of the electricity sector. Proponents argue that these governance instruments safeguard public goods such as the climate – yet they are accused of creating political markets, and political prices, here understood as market distortion. This paper studies the ‘politics’ of pricing by following the adoption of the first feed-in tariff in France. Pricing as a way of achieving non-economic ends, such as climate mitigation, brings the values of several public goods into play, all the while prompting a translation of these values into a single price. Following the struggles over the pricing of wind power in the early 2000s, the study illustrates that rather than a pollution of the market sphere by that of politics, a politics of pricing can be observed in four distinct struggles: namely the framing of the public interest; valuation as the articulation of the future; the possible agencies of governance; and role of valuation methods and calculations.
Original languageEnglish
JournalJournal of Cultural Economy
Volume9
Issue number6
Pages (from-to)527-540
ISSN1753-0350
DOIs
Publication statusPublished - 2016

Keywords

  • Wind power
  • Feed-in tariff
  • Pricing
  • Valuation
  • Governance

Cite this

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Valuation Struggles over Pricing : Determining the Worth of Wind Power. / Pallesen, Trine.

In: Journal of Cultural Economy, Vol. 9, No. 6, 2016, p. 527-540.

Research output: Contribution to journalJournal articleResearchpeer-review

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