The Queensland Government says power prices are set to drop by about 10 percent next financial year as the state’s Energy Roadmap rolls out.
Treasurer and Energy Minister David Janetzki said the roadmap had been active for six months and was already putting downward pressure on energy prices.
This included investments in coal and gas generation to safeguard domestic energy security while capacity was built in other areas of energy.
“Power prices in Queensland are set to drop by about 10 per cent next financial year,” Mr Janetzki.
“The Roadmap is a credible plan as we’ve already seen more than a gigawatt of new storage and a gigawatt of new renewables becoming operational since mid-2025.”
Mr Janetzki said the Roadmap was unlocking the next wave of energy supply, progressing investigations in the Taroom Trough on Queensland’s oil and gas potential and supporting delivery of new renewables and storage.
State-owned investment manager Queensland Investment Corporation (QIC) had successfully completed “market sounding” in Central Queensland for 400 megawatts (MW) of new gas‑fired generation capacity by 2032 to support grid reliability and future industrial growth.
“There’s been overwhelming market interest with more than 50 parties engaged and over 10 gigawatts (GW) of prospective gas‑fired generation identified across 17 projects, highlighting Queensland is open for business for new energy investment,” Mr Janetzki said.
“Through the Investor Gateway, QIC is matching investors and developers to drive new investment in more than 1700 megawatts of capacity across Queensland’s energy sector, in partnership with Government Owned Corporations.”
These projects included:
- The 228 MW Boulder Creek and 285 MW Lotus Creek Wind Farms with CS Energy.
- The development of the 400 MW Brigalow Gas Peaker near Chinchilla, with CS Energy acquiring a 20 percent ownership interest while offtaking 100 percent of the asset.
- Identifying potential offtake opportunities for Stanwell at the privately-owned 436 MW Tarong West Wind Farm and similar opportunities for CleanCo with the private developer on the proposed 360 MW Moah Creek Wind Farm.
Mr Janetzki said QIC was also actively partnering with industry through the $200 million North West Energy Fund to accelerate locally driven generation and storage solutions across the region.
This included a more reliable energy supply for Julia Creek and new renewable energy generation to service the Dugald River Mine and broader North West power system.
