Introducing the lens of markets-in-the-making to transition studies: The case of the Danish wind power market agencement

Abstract

This paper contributes to a renewed understanding of markets in transition studies by focusing on how unknown things must be ‘framed’ and pacified in order to be attributed some ‘value’ that makes them ‘matter’. We empirically analyze the making of a market agencement for wind power deployment in Denmark. Using an analytical framework of framing and pacifying, we trace three entangled ‘domains of action’ associated with the employment of (a) sociopolitical devices to enable the discursive valuation of wind power, (b) economic devices to develop price-setting models for investors, and (c) technical devices to facilitate grid integration, thereby framing wind power as socio-politically, economically, and techno-scientifically ‘valuable’, respectively. This market agencement has consistently produced concerns (i.e., overflows) requiring constant re-framing. We discuss how the lens of markets-in-the-making can contribute to transition studies. By showing how the domains of action entangle and ‘overflow’ onto each other, this study demonstrates that the relational lens of socio-technical agencements can help shed additional light on the dynamics and agency of markets in transition.