Best Utilities Stocks in Australia for 2026
Regulated electric, gas, and water names ranked on dividend coverage and rate-comparable yield; the lowest-beta, most defensive sector covered.
Utilities (regulated electric, gas, water) are the lowest-beta sector covered. Total returns are dominated by dividend yield + steady rate-base growth, so Health (dividend coverage, leverage) and Valuation (yield-on-cost in a rate-comparable frame) drive the composite more than Growth. Useful as a defensive ballast in a portfolio.
Australia listings on the ASX have a deep materials and financials tilt with a long-running dividend culture, so the dividend-yield preset and Health pillar tend to be where ASX stocks differentiate against global peers.
Data as of (updated daily)
Top 20 Utilities in Australia by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | TPC.AU | TPC Consolidated Ltd | 69.1 |
| 2 | VPR.AU | Volt Power Group Ltd | 68.1 |
| 3 | KPO.AU | Kalina Power Ltd | 59.4 |
| 4 | TML.AU | Timah Resources Ltd | 55.7 |
| 5 | AGL.AU | AGL Energy Ltd | 53.8 |
| 6 | LPE.AU | Locality Planning Energy Holdings Ltd | 53.7 |
| 7 | GCM.AU | Green Critical Minerals Ltd | 53.2 |
| 8 | MEZ.AU | Meridian Energy Ltd | 52.8 |
| 9 | GNE.AU | Genesis Energy Ltd | 52.3 |
| 10 | CCE.AU | Carnegie Clean Energy Ltd | 50.9 |
| 11 | RWL.AU | Rubicon Water Ltd | 49.6 |
| 12 | CNQ.AU | Clean TEQ Water Ltd | 48.3 |
| 13 | FHE.AU | Frontier Energy Ltd | 47.6 |
| 14 | MCY.AU | Mercury NZ Ltd | 47.1 |
| 15 | EWC.AU | Energy World Corporation Ltd | 46.9 |
| 16 | EQU.AU | Equus Energy Ltd | 45.8 |
| 17 | BTE.AU | Botala Energy Ltd | 44.6 |
| 18 | APA.AU | APA Group | 43.0 |
| 19 | 14D.AU | 1414 Degrees Ltd | 41.9 |
| 20 | JNS.AU | Janus Electric Holdings Ltd | 40.3 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Utilities sector listed in Australia; use the screener for the full ranked list.