Why renewable energy?
Queensland is adding renewable energy sources to our existing energy system. There are several key reasons for this.
Delivering affordable energy
Queensland households and businesses will benefit from greater access to renewable energy. Increasing our renewable energy infrastructure now, will ensure energy costs remain affordable in the future.
Boosting the publicly owned clean energy system will also help stabilise energy costs for households and businesses.
Lowering bills and more energy independence
The Miles Government’s Queensland Energy and Jobs Plan will put downward pressure on wholesale electricity prices in the longer-term, with more investment into cheap renewable energy and storage. Independent modelling indicates that under the Plan, lower wholesale electricity prices will flow through to lower retail bills, with the average annual bill for a household projected to be $150 lower in 2032 and $1,495 lower for a small business, than without a Plan.
Queensland’s public ownership position also supports lower electricity bills, with previous asset ownership dividends from publicly owned energy businesses going to Queensland customers to lower their bills.
Boosting and protecting regional jobs
The energy transformation is delivering more jobs in the energy sector and across the Queensland economy.
- 64,000 jobs in clean energy infrastructure, including new skilled jobs to build the SuperGrid
- 36,000 more jobs in new industry development, such as renewable hydrogen, battery manufacturing, resource mining and metal refining.
To support workers in our publicly owned coal-fired power stations, we have committed to a $150 million Job Security Guarantee. Secure futures, choices and opportunities are available for workers as part of our energy transformation.
Taking climate action
Moving to a renewable energy system will allow Queensland to harness our renewable energy resources, like sun and wind. This will also help move us towards our renewable energy target of 80% renewables by 2035.
It will also help Queensland achieve its target to reduce all emissions by 30% below 2005 levels by 2030.
