Department of Energy and Public Works
Queensland Budget 2023-24 · Palaszczuk Government
As at budget day (2023-06-13)
Key service areas
Budget initiatives
A $19 billion capital investment over four years to deliver the Queensland Energy and Jobs Plan, including pumped hydro, wind and solar farms, batteries and transmission, working towards 70 per cent renewable energy by 2032 and 80 per cent by 2035.
$19 billion over four years transforms Queensland's publicly owned energy system, including pumped hydro, wind and solar, working towards 80 per cent renewable energy by 2035.
Capital, around $19B over 4 years, largely delivered through government-owned energy corporations within the Big Build. Operating policy funding of $43.8M for plan implementation sits separately in BP4. Year-by-year profile held in the Capital Statement (BP3).
An equity investment of up to $6 billion over the construction period for the Borumba Pumped Hydro Project, a 2-gigawatt gravity-fed battery near load centres in South East and Central Queensland.
A $6 billion equity investment progresses the Borumba pumped hydro scheme, a 2-gigawatt 'gravity battery' that could power one-third of Queensland's average electricity demand for 24 hours, supporting the shift to clean energy.
Equity injection to Queensland Hydro of up to $6 billion over the construction period, supporting the $14 billion Borumba project. Annual profile held in the Capital Statement (BP3).
Funding to deliver energy efficiency measures for households, as Queensland's co-contribution to the Australian Government's Household Energy Upgrades Fund.
Energy efficiency measures help households reduce their power bills and give more choice over their energy use.
General Government operating, $60M over 2 years
Funding to support Queensland businesses to reduce their electricity bills through energy saving and transformation measures.
Grants help Queensland businesses cut their electricity bills through energy efficiency upgrades.
General Government operating, $35M over 3 years
Funding to grow the future hydrogen industry by super-charging Queensland's Hydrogen Hubs and engaging the community around hydrogen.
Investment grows Queensland's hydrogen industry, creating future clean energy jobs particularly in regional hubs.
General Government operating, $20M over 3 years
Funding to support the next stages of ReBuild QBuild, including apprentice training and Rapid Accommodation and Apprentice Centres at Eagle Farm and Cairns, and depot upgrades.
ReBuild QBuild trains more apprentices and upgrades depots, growing the public works construction workforce.
General Government, combining operating ($39.1M over 4 years) and capital ($29.5M over 4 years) ReBuild QBuild lines. The $24.8M in 2023-24 combines operating ($15.267M) and capital ($9.498M).
Capital investment to manage and deliver an increased program of government employee housing, supporting workers in regional and remote communities.
More government employee housing supports teachers, health workers and other public servants living in regional and remote communities.
Capital, $455.3M over 3 years (of which $162.8M held centrally in 2026-27). No 2023-24 capital allocation is shown in BP4; spending begins from 2024-25.
Funding to make zero emission vehicle charging infrastructure available in Queensland government buildings across the state.
Electric vehicle charging at government buildings supports the shift to zero emission vehicles.
Capital, $30M over 4 years
Forward estimates
Year-by-year allocations for 5 measures with published forward profiles.
| Measure | 2022-23 | 2023-24 | 2024-25 | 2025-26 | Total |
|---|---|---|---|---|---|
| Household Energy Initiatives | — | $40M | $20M | — | $60.0M |
| Queensland Business Energy Saving and Transformation Program | $6M | $14.5M | $14.5M | — | $35.0M |
| Hydrogen Hubs Initiative | $1M | $13M | $6M | — | $20.0M |
| Government Employee Housing Expansion | — | — | $153.4M | $139.2M | $292.5M |
| Government Buildings Electric Vehicle Ready | $2M | $12.5M | $12.5M | $3M | $30.0M |
| Total | $9.0M | $80.0M | $206.4M | $142.2M | $437.5M |
Performance metrics
Service standards from the Service Delivery Statement. Targets and actuals as published.
| Metric | Prior target | Actual | Target |
|---|---|---|---|
| 2024-25 | 2024-25 | 2025-26 | |
| Renewable energy as per cent of total energy consumed in Queensland | 23% | 24.1% | 25.9% |
| Average time of energy (electricity and gas) licensing assessment | <120 days | 73 days | <120 days |
| Return on investment — Commercial properties included in the office portfolio | ≥6% | 5.4% | ≥6% |
| Vacancy rate — Office portfolio | ≤3.5% | 1.65% | ≤3.5% |
| Percentage of government-owned employee housing with an acceptable facility condition index rating | ≥90% | 93% | ≥90% |
| Overall customer satisfaction with the enabling activities that support agency implementation of the Queensland Procurement Policy | ≥90% | 88.8% | ≥90% |
| Operating cost per $1,000 of managed spend on general goods and services | <$2 | $1.10 | <$2 |
Source: Service Delivery Statement. Prior target and actual are for 2024-25; target is for 2025-26.
Source document
Service Delivery Statement — Department of Energy and Public Works (PDF)Last updated: 2026-06-21. Factual information from published budget documents.