Energy Roadmap improves today’s assets and delivers for future
The Queensland Energy Roadmap delivers affordable, reliable and sustainable energy for Queenslanders.
By improving existing energy assets while building what the state needs for the future, the Queensland Government is putting downward pressure on energy prices, optimising investment to respect taxpayer money and boosting private sector investment in new generation.
The Queensland Energy Roadmap is a pragmatic plan that provides clarity for the future on coal, gas and support for private sector investment in renewables and firming projects.
It includes:
- $400 million Queensland Energy Investment Fund and Queensland Investment Corporation’s Investor Gateway to drive private sector investment in new energy generation and firming projects
- $1.6 billion Electricity Maintenance Guarantee to improve the state’s existing 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 400 megawatts of new gas-fired generation in Central Queensland
- consolidated management of future pumped hydro proposals by Queensland Investment Corporation to provide 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.
Underpinned by robust electricity system modelling and extensive consultation with investors, industry and stakeholders, the Roadmap highlights the importance of leveraging existing assets to keep energy prices low while planning for the future.
The Roadmap will help deliver affordable and reliable energy that enhances Queenslanders’ quality of life, fuels economic growth and ensures long-term sustainability, all while ensuring the state is an attractive destination for private sector capital and creating jobs.
Read the Energy Roadmap.
