Skip to Main content Skip to Navigation
Journal articles

Making an Exception: Market Design and the Politics of Reregulation in the French Electricity Sector

Abstract : By subjecting market participants to uncertain and volatile prices, the liberalization of public concerns generates opposition that threatens its own survival. This paper asks how this contradiction is resolved in practice. We examine the case of the French electric power industry. When this sector was liberalized and integrated with European markets, a period of unexpectedly high prices brought strenuous objections from the French electro-intensive industries, and a crisis in political support for liberalization. Based on interviews with key participants and analysis of the documentary record, we trace a series of efforts to reach a political accommodation. Liberalization has not realized the neoliberal imaginary of an efficient and peaceful allocation of state services. But it has effectively transformed the terms under which political-economic struggles proceed, mediating, constraining and governing the politics of distribution.
Document type :
Journal articles
Complete list of metadata

https://halshs.archives-ouvertes.fr/halshs-02046974
Contributor : Thomas Reverdy <>
Submitted on : Saturday, February 23, 2019 - 10:41:20 AM
Last modification on : Friday, November 20, 2020 - 11:16:14 AM

Identifiers

  • HAL Id : halshs-02046974, version 1

Collections

CNRS | PACTE | UGA

Citation

Thomas Reverdy, Daniel Breslau. Making an Exception: Market Design and the Politics of Reregulation in the French Electricity Sector. Economy and Society, Taylor & Francis (Routledge), 2019, 48 (2), pp.197-220. ⟨halshs-02046974⟩

Share

Metrics

Record views

250