The Queensland Government is investing in the state’s energy future, with the 2025–26 Budget allocating funding across the energy supply chain to deliver affordable, reliable and sustainable energy.
The 2025–26 Budget puts in place an Energy Roadmap to deliver long-term structural cost relief for energy, with more than $5 billion for state-owned energy businesses to invest across the energy supply chain.
The Budget brings the total investment in CopperString to a record $2.4 billion by 2028–29, while delivering $1.6 billion over five years to support the Electricity Maintenance Guarantee and $435 million in 2025–26 to progress three pumped hydro projects.
In addition, CleanCo is investigating a new open-cycle gas turbine at Swanbank while Stanwell is progressing the 114MW Lockyer Energy Project with Quinbrook.
The Budget also includes $479 million in 2025–26 for CS Energy to develop the 400MW Brigalow Gas Peaker Project at Kogan Creek.
Queensland Treasurer and Minister for Energy and Home Ownership, David Janetzki, said the State Government is driving down energy cost pressures and securing an affordable, reliable and sustainable energy future for all Queenslanders.
“We are delivering structural cost of living relief for Queenslanders with an Electricity Maintenance Guarantee that puts downward pressure on energy costs and properly maintains our energy generators,” he said.
“Our five-year Energy Roadmap will be a credible plan for the state’s energy system to 2030, providing certainty for investors, communities and consumers.
“It will involve the private sector and, most importantly, it must work for our communities.
“We will also continue to progress projects including CopperString and small pumped-hydro projects for Queensland’s future.”
The Queensland Government is also delivering its Supercharged Solar for Renters Plan and investing in network and utility-scale batteries, so excess solar from Queensland roofs can be stored and used when it is needed.
The Supercharged Solar for Renters plan will provide rebates of up to $3500 to eligible landlords for installing solar panels on rental properties.
The $26 million program is expected to help about 6500 households and will target properties with existing tenancy agreements, ensuring benefits for renters.
