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2025-09-16 08:53:35
[CITIC Securities: Streamlining Energy Storage Pricing Mechanisms Will Lead to Rapid Growth in Domestic Energy Storage] A CITIC Securities research report indicates that with the release of Document No. 136 by the National Development and Reform Commission, the energy storage industry has ushered in a new development model. It is estimated that energy storage projects are currently largely profitable in the spot market and through ancillary services. Considering the potential introduction of a capacity pricing mechanism for regulating resources such as energy storage at the national level, the revenue certainty of energy storage projects will be significantly enhanced, which will be of great significance to the investment decisions of clients such as state-owned enterprises. According to calculations, at a capacity pricing level of 100 yuan/kW for energy storage, if new energy storage installations maintain a 30% growth rate, the impact on end-user electricity prices will be only 1.19%, making capacity pricing feasible. CITIC Securities believes that after Document No. 136 abolishes mandatory storage allocation, the energy storage industry will shift from cost competition to value creation, potentially optimizing the competitive landscape. The company is optimistic about leading companies in the energy storage industry chain.
