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Maybank Securities has upgraded its outlook on the sector from neutral to positive. (Photo: iStock)
Thailand’s power sector is heading into 2026 with a more upbeat outlook, even as broader economic challenges weigh on the country. Ahead of the release of a new Power Development Plan (PDP), Maybank Securities (Thailand) has upgraded its view on the sector from neutral to positive.
A key catalyst is the long-awaited PDP, expected to be released for public hearing soon. The new plan is likely to feature a larger pipeline of new power capacity than the previous draft, reflecting rising electricity demand driven by the expansion of data centers and accelerating electric vehicle (EV) adoption.
