The Financial Services Council have urged state government officials to sell infrastructure to For – Profit Superannuation funds, setting their sights on state-owned electricity networks.

Retail fund’s plan to invest in infrastructure have sparked debate among economists, who warned that this is a risky move, as privatization can push electricity prices up, and the government will shoulder the burden in case such projects fail.

Australian Competition and Consumer Commission chairman Rod Sims stands firm in his claim, saying that ”There is no doubt in my mind that energy prices, particularly in NSW and Queensland, would now be lower had the private sector owned those network businesses rather than them staying in the public sector.”

Read more about this on the Sydney Morning Herald website.