Electricity stocks are now attracting more attention from Thai investors, whether they are beginners or experienced, because this industry is considered stable and provides continuous long-term returns.

Why are electricity stocks interesting? Because power generation businesses have stable income, regardless of whether the economy is good or bad. The demand for electricity remains high in both the manufacturing sector and households. This is why electricity stocks are viewed as a safe asset in an investment portfolio.

In Thailand, there are several leading power generation companies to watch in 2026. Starting with GULF, which has a market value of 795.55 billion baht, closing at 54 baht. Next is GPSC, valued at 109.26 billion baht, with a price of 38.75 baht. Then RATCH, valued at 67.97 billion baht, with a price of 31.25 baht.

Choosing electricity stocks is not just about the price; you also need to consider the P/E ratio. For example, GULF has a P/E ratio ranging from 8.4x to 32.1x, which is quite attractive. Meanwhile, EGCO is at 12.4x with a price of 120.50 baht. BCPG has a high P/E of 81.5x but a low price of 8.05 baht. Therefore, analyzing each company carefully is important.

Besides market factors, investors should also look at each company's expansion strategy. Some focus on renewable energy, while others invest abroad. For instance, EGCO covers Asia-Pacific and North America, while BCPG emphasizes clean energy and Energy as a Service.

In terms of dividend payments, most electricity companies have a history of regular payouts, making them suitable for those seeking steady income. This is a key advantage of long-term investment in electricity stocks.

Another point to watch is government policy, as Thailand’s power industry is regulated through the PDP (Power Development Plan) and AEDP (Alternative Energy Development Plan), which set the future direction of the industry. The global green energy trend continues to grow, which is a positive factor for stocks investing in renewable energy.

Buying electricity stocks can be done directly through Thai stockbrokers, with a minimum purchase of 100 shares. For example, buying 100 shares of GULF at 50 baht each would require about 5,000 baht. If the price rises to 55 baht, you would gain 500 baht. There are also other methods, such as trading through foreign platforms, but it’s important to understand the risks involved.

In summary, electricity stocks are a reasonable choice for those looking to build a stable portfolio, especially during volatile market conditions. Whether you are a new investor or experienced, you can consider these stocks according to your investment goals.