This is very simple.
The more energy is used in the creation the higher the price. It is a store of wealth because u can not cheat at the creation and know x amount of energy has been used. It will never be a currency unlike XRP's but XRP's are like sand in your hand and will never be a store of wealth, the are just handy to be used daily.
Labor theory of value?
The amount of energy used is determined by the price and block reward.