Tag Archives: Bristol Holding

NETTING ZEROES: PUBLIC HEAT – PRIVATE PROFIT

City Leap  BE

An announcement in March that the council’s £7.3m City Leap procurement process had finally come to an end and US firm Ameresco had got the contract to ‘decarbonise’ the city by 2030 was accompanied by a lovely Thatcherite kick in the teeth from Labour. As it was also revealed that the city’s heat network assets would be handed to Ameresco’s partner, Vattenfall to run.

Vattenfall is an energy multinational owned by the Swedish state. So we’re in the odd position of handing some of the city’s publicly owned energy assets over to the Swedish people to financially benefit from. Go figure. The announcement of this giveaway – that’s not even a sell-off as no price tag is attached – comes after claims as recently as February that the networks would be put into a joint venture company owned by the council and the private partner.

Bristol Holding boss, Peter Beange assured councillors at a scrutiny meeting on February 9 that the heat networks would be part of “a successful share sale to the winning City Leap joint venture.”

Not any more. The brand new networks of underground pipes and heat centres built with public money over the last seven years will now be fully privatised so that Bristolians can be squeezed for profit for heating their homes and businesses in an unregulated energy market. 

The news didn’t seem to bother councillors at a scrutiny meeting on 28 March when the u-turn was revealed. Instead they engaged in another round of cheerleading for the private sector. Strange, because Labour, Green and Lib Dem politicians have all called for the Tories to nationalise energy providers in the face of the cost of living crisis and huge energy price hikes.

It’s like politicians come out with any old populist bollocks that they have no intention of really fighting for isn’t it?

BUSINESS NOT BOOMING

bristol-energy

It’s trebles all round for the variety of FAILING BUSINESSES run by our council. At last month’s Cabinet meeting, politicians not only agreed a further £6MILLION HANDOUT for Bristol Energy, which has now had £37.7million of our money, but decided that Bristol Holding, the parent company for Bristol Energy, Bristol Waste and their low key data gathering firm, Bristol is Open, now needs AN EXECUTIVE CHAIRMAN on a cool £150k a year.

This expensive appointment is the prelude to the council’s City LEAP energy venture where public assets and infrastructure such as wind turbines, solar panels and local heat networks will be handed over to Bristol Holding, basically A PRIVATE FIRM outside any useful public oversight. The holding company will then be able to use these assets as sweeteners to attract private sector investment. A plan that has all the characteristics of yet ANOTHER COUNCIL GIVEAWAY TO THE PRIVATE sector.

The Reverend’s finance chief, Craig “Dick” Cheney, also used City LEAP as the excuse for keeping his LOSS MAKING SHAMBLES of an energy firm afloat for reasons he didn’t make very clear. Will we end up funding this LOSS-MAKING VANITY FIRM indefinitely while the private sector gives it a wide berth and cherry picks other valuable public assets for PROFIT? It was also quietly announced at the same meeting that Bristol University was pulling out of the underperforming joint venture data gathering firm Bristol is Open. Although it’s not yet clear whether the university JUMPED or were PUSHED.

How long before our council is handing any ‘smart city data’ they’ve gathered about us over to the private sector hawks that are circling?