Treasurer, Minister for Energy and Minister for Home Ownership
The Honourable David Janetzki
A plan for Queensland's future: Energy Roadmap delivered to improve existing assets while building for the future
- The Crisafulli Government's Energy Roadmap delivered to improve Queensland’s energy assets while building what is needed for the future.
- $26 billion in reduced energy system costs to 2035 compared to the previous Labor Government’s early closure plan.
- The Energy Roadmap provides clarity for the future of coal and gas, and support for private sector investment in renewables and firming projects.
The Crisafulli Government has unveiled its Energy Roadmap to deliver affordable, reliable, and sustainable energy for Queenslanders.
By improving Queensland’s existing energy assets while building what is needed for the future, the Crisafulli Government is putting downward pressure on energy prices, optimising investment to respect taxpayer money and boosting private sector investment in new generation.
The Roadmap presents a sensible and pragmatic plan to meet Queensland’s energy needs, contrasting with the undeliverable timeframes, poorly scoped projects and tens of billions of dollars in cost blowouts under Labor’s implausible Energy and Jobs Plan.
It also reduces energy system costs for taxpayers by $26 billion to 2035, preventing the average Queensland household paying an extra $1035 a year that they would have paid under Labor.
The Roadmap includes:
- $400 million Queensland Energy Investment Fund and Queensland Investment Corporation’s new Investor Gateway to drive private sector investment in new energy generation and firming projects.
- $1.6 billion Electricity Maintenance Guarantee to improve our current energy assets.
- Clear decision-making framework for the operation of state-owned coal assets, balancing system needs, asset integrity, and economic viability.
- A tender for 400MW of new gas-fired generation in Central Queensland.
- Consolidated management of future pumped hydro proposals by QIC to provide a consistent approach to assessment and investment.
- New $10 million investment into community level batteries for greater solar storage and to help manage minimum system load.
- Construction of the Eastern Link of the CopperString transmission line in North Queensland and beginning of work on the Western Link.
- Establishment of Regional Energy Hubs to put downward pressure on development costs.
- Development of a new code of conduct for renewable energy developers to guide responsible behaviour and set community expectations.
Treasurer and Minister for Energy David Janetzki said the Energy Roadmap was based on economics and engineering, not ideology.
“Our Energy Roadmap delivers what Queenslanders need, which is affordable and reliable energy that enhances their quality of life, fuels economic growth, and ensures long-term sustainability, all while ensuring our state is an attractive destination for private sector capital and creating jobs,” Mr Janetzki said.
“Labor’s energy plan lacked credibility, was undeliverable and would have resulted in Queensland households paying thousands more on top of their energy bills.”
Underpinned by robust electricity system modelling and extensive consultation with investors, industry, and stakeholders, the Energy Roadmap highlights the importance of leveraging existing assets to keep energy prices low while planning for the future.
“The former Labor Government’s ideological decision to close coal units by 2035, regardless of their condition, is officially abolished,” Mr Janetzki said.
“Queensland’s coal-fired fleet is the youngest in the country and state-owned coal generators will continue to operate for as long as they are needed in the system and supported by the market.
“This is an economic solution that places downward pressure on prices for households, businesses, and industry, while ensuring developers have the confidence to plan for the future.
"We’re laying the groundwork for private capital to flow into new energy infrastructure, unlocking economic growth and ensuring Queensland remains competitive in an evolving energy market.”
For more information visit www.treasury.qld.gov.au/energy-roadmap
