626 transactions in global renewable energy secondary market in 20 months in 2019-2020 cost US$289bn

The growing renewable energy secondary market reflects the extent to which the sector has become financialised, marketised and privatised. The secondary market provides a mechanism for investors to extract profit at the development or operational stages of renewable energy projects.

Detailed evidence of the global scale and scope of this market is set out in The Financialisation, Marketisation and Privatisation of Renewable Energy, ESSU Report No. 12 and a companion database which provides information on the 626 transactions between January 2019 and August 2020. Renewable energy electricity generation is largely in the control of finance capital and market forces so, that by 2050, generation, distribution and supply could be substantially owned and controlled by the private sector.

The public policy agenda must change from general demands for climate action and targets to those that focus on how the targets are going to be met and to rapidly increase public provision of power generation. The report sets out proposals to significantly increase public ownership and operation of renewable energy projects and to increase the scope and powers of regulatory frameworks.

The case aganst a secondary market in renewable energy assets and ten key strategies for public ownership are set out in the Public Ownership and Provison section of the website.

See new database covering 1,622 transactions in the 2019-2021 period plus detailed analysis in Challenging the Rise of Corporate Power in Renewable Energy book published 2023. See https://www.european-services-strategy.org.uk/public-ownership

Why Barnet’s Education and Skills must be an in-house service

“Barnet Council’s draft Equality Impact Assessment is fundamentally inadequate because it does not assess the impact of the two options on the equality groups and assumes no negative impact. But there is a world of difference in terms and conditions, particularly pensions, between being transferred to the Council and being transferred to a Local Authority Controlled Company which currently does not exist and will be modelled on other Council arms length companies that have inferior terms and conditions. Therefore the Equality Impact Assessment must be rewritten.”

Dexter Whitfield

“Why, why, why are Barnet Council making this crisis worse? The contractor is dumping the contract through no fault of the staff. All the staff want hear from Barnet Council are these two little words “Welcome Back”. The evidence for returning the hard working Education and Skills workforce is contained within the Joint Trade Union report written By Dexter Whitfield.”

John Burgess Branch Secretary, Barnet UNISON.

It is clear that the best option is for Education and Skills to return the council.   Employment will be less attractive with an LACC resulting in it being harder to recruit and retain the experienced staff required and this can only mean an inferior service for schools and the young people of Barnet.

Keith Nason, Secretary Barnet NEU.

“The comparison of key criteria in this report makes it clear to the advantages of an in-house option and I encourage GMB members’ to read this detailed report.

Outsourcing has been bad news for Barnet staff. Time and time again, we have seen private providers fail to deliver while members’ terms and conditions and national agreements have been undermined.

GMB are clear that it is better value for services such as this to be brought back in-house.”

Mary Goodson, GMB Barnet Branch Secretary & Krissy O’Hagan, GMB London Region Organiser.

The following Trade Unions representing workers from Cambridge Education have worked together with their members and Dexter Whitfield to produce a report to Barnet Council.

  • UNISON
  • NEU
  • GMB
  • NASUWT
  • Association of Educational Psychologists (AEP)

Summary of the report

The two options of in-house provision or establishing new Local Authority Controlled Company (LACC) are examined using 12 key criteria (see Table 1) with in-house provision having significant advantages over the latter.

1.The Council’s draft Equalities Impact Assessment is significantly flawed because it concludes there is ‘No Impact’ for any of the equality groups when in fact there is a Positive Impact for all equality groups with the in-house option but a Major Negative Impact for all equality groups with the LACC option.

2. We have examined the ability of Education and Skills to retain and recruit qualified and experienced staff and conclude that the continuity of service and quality of pension schemes are fundamentally important. The LACC option fails on both these criteria.

3. A sustainable motivated workforce to provide the range and quality of services required by schools, parents and children for their physical and mental health is dependent on the retention of the existing staff and the recruitment of new qualified and experienced staff is critically important to ensure high quality services for Barnet Schools.

4. A divided, demoralised workforce as a result of a differential in terms and conditions combined with an inability to retain and recruit qualified staff is inherent in the LACC model and will have a long lasting negative impact in education and the community.

5. The Council has failed to prepare a full Equality Impact Assessment for the consultation process.

6. The Council has stated that the Equality Impact Assessment and the full business case will only be completed after the consultation feedback deadline of 4pm 3 July 2020. This contradicts Government policy set out in the Green Book, and ignores over a decade of established custom and practice in Barnet and is likely to fail to take full account of key and other unforeseen emerging issues.

7. The multinational Mott MacDonald’s use of the Force Majeure contract clause raises many questions given that Barnet’s Education and Skills contract represented just 0.23% of the company’s £771m annual turnover in 2019. The fact that all local authorities with education responsibilities, teachers and parents are confronted by the same impact of COVID-19 raises questions over the real motives of this decision.

Recommendations

1. We strongly recommend that Barnet Council transfers Education and Skills staff from Cambridge Education back to direct employment in the Council.

2. We recommend that the contract management functions of the ISS catering contract, which is going to be novated to the Council, are established in the Education Department.

Download the full report https://www.european-services-strategy.org.uk/why-barnets-education-and-skills-must-be-an-in-house-service

Dexter Whitfield: How to create a public alternative to the privatization of life

He argues that public ownership and re-municipalisation alone are insufficient to combat the culture of neoliberalism in our society in an article in advance of the Edinburgh book launch.

A book launch for ‘Public Alternative to the Privatisation of Life’ chaired by Common Weal director Robin McAlpine, organised by Jubilee Scotland, will be held on 28 January 2020, 3.30pm – 5.00pm at the Augustine United Church, 41 George IV Bridge, Edinburgh. Attendance is free, but those interested at encouraged to book via Eventbrite.

The event was very successful with nearly 40 people engaging in discussion about the key strategies raised in the book and recent/current struggles in Edinburgh. Many thanks to Jubilee Scotland and Robin McAlpine.