In recent days, the battery materials sector has been receiving continuous positive news, but the performance of some energy storage concept stocks has been rather disappointing. Upon further investigation, it turns out that institutional investors are somewhat pessimistic about the growth prospects of the energy storage market next year.

The core issue lies here—several regions have begun to adjust time-of-use electricity pricing policies, removing the previously artificially set peak and off-peak price differences. This change directly shatters the profit dreams of energy storage companies. The days when simply installing equipment could earn profits from peak and off-peak electricity price differences are gone; many outside funds are now in a wait-and-see mode, hesitant to act rashly.

According to the regulations in the Development and Reform Energy Regulation [2025] No. 1656 document, time-of-use electricity prices are no longer uniformly set by the government, and the time period divisions have been given more freedom in the market. This means the energy storage industry has reached a watershed—only those companies that truly understand market operations and possess professional capabilities can survive in the new environment. Participants who relied on administrative dividends are now at risk of being eliminated. As the story unfolds, industry insiders are well aware that this track is destined for a reshuffle.